Credit Unions Are Making Their Mark In Auto Lending
Indirect lending helps the credit union industry build market share amid booming auto sales.
Indirect lending helps the credit union industry build market share amid booming auto sales.
Credit union ledgers show no froth amid larger financial industry reports about a growing subprime auto loan bubble.
These five areas of focus can help you better deal with dealers and win more business for your credit union.
This week, CreditUnions.com looks at different sources of auto loans, from the indirect channel to leases, and considers the possibility of a subprime auto bubble.
Indirect auto lending overtook direct lending one year ago, and first quarter data shows no sign of a slow down.
Analytics that identify pay-back characteristics can help lenders expand into C segment of borrowers.
Legacy FCU in Birmingham aggressively began positioning itself in the marketplace several years ago and now is reaping rewards.
At the end of 2008 Northeast Credit Union ($643M in Portsmouth, NH) posted 29.8% loan growth, 19.6% share growth and 20.5% member growth. A conversation with their President and CEO, Peter Kavalauskas, revealed the dedication to the cooperative’s success through new initiatives, solid execution, and an excellent market.
Like everything else in Texas, indirect auto lending is big. Find out how one credit union successfully broke the mold of the typical Texan program.
The Illinois credit union has increased its indirect RV portfolio by an average of $20 million each month.
Three more credit union chiefs with tech backgrounds show how they adapt and innovate – and how other cooperatives can, too.
Credit union chiefs with tech backgrounds show how they adapt and innovate – and how other cooperatives can, too.
The next evolution in consumer payments — and credit unions that wait risk falling behind.
Suncoast Credit Union, in partnership with WithClutch and ModernFI, hosted its inaugural Create 2025 summit in May. Attendees included eight credit unions and nine fintech companies.
Digital experiences must be a direct reflection of the care and service credit unions are known for. Here’s where to start.
The New Hampshire cooperative recently launched Service Ventures, an independent investment arm that aims to work with startups that share a commitment to operational efficiency and member experience.
Identity continuity helps create frictionless experiences to connect credit unions with every member touchpoint across digital and physical channels.
Those born before 1980 use digital wallets at a lower rate than younger consumers, but adoption levels are nearly equal across income levels.
A midyear look back at how credit unions are lifting up their communities in ways that go beyond just banking.
Revisiting some of the unique strategies financial cooperatives are using to drive long-term success and sustainable organic growth.