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The affects of a three-year pullback from indirect lending and the COVID-19 pandemic have resulted in a decade-long low in auto lending growth in the second quarter.
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.
Lower wait times and more self-service options result in higher member satisfaction.
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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.
Based on February traffic (and our editorial instincts), here are the top articles and blogs that appeared on CreditUnions.com.
Five can't-miss data points this week on CreditUnions.com.
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.
Open Lending’s lenders protection tools calculate risk and then insures loans through third-party carriers.