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Decreased consumer spending and a pronounced pullback from indirect lending programs contributed to slower auto loan growth at credit unions in the first quarter of 2020.
This Fourth of July, Callahan & Associates is celebrating patriotically named credit unions with a look at how they return value to their member-owners.
Looking for new solutions to help your credit union navigate this crisis? Check out these featured credit union suppliers that are delivering cutting-edge products and services.
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The new ACES Consumer platform from ARMCO automates audit and compliance processes while adding visibility and efficiency.
Despite slowdowns in indirect lending and auto loan demand, auto penetration and market share remain strong at year-end.
The new platform integrates origination across all loan types and adds CRM, analytics marketing, and more.
Now is the time to evaluate your credit union’s collections operation.
Third quarter 2019 data shows that indirect loans still dominate the credit union industry’s auto portfolio, though momentum appears to have stalled in recent quarters.