8 million loans through CU Direct's Lending 360 and CUDL
lending platform, generating a record $39 billion in credit union auto loans in 2017, up from $32 billion in 2016.
CU Direct credit unions, through the CUDL
network, generated USD26 billion in new auto loans.
Across the CUDL
credit union auto lending platform, boomers comprise 36% of all loan applications and nearly 43% of new car applications, Child said.
reviewed the 2011 auto loan applications processed via its CUDL
lending platform to identify credit unions that had higher than average look-to-book and approve-to-book rates.
As credit unions continued to gain momentum in the auto lending marketplace last year, CUDL
said the industry experienced 27% loan growth through November 2012.
teamed up with Remarketing by GE and Manheim, an Atlanta-based provider of vehicle remarketing services, to outline performance checkpoints used by remarketers.
Helping build auto loans was a partnership with CUDL
to draw from local dealers, as well as a partnership with Enterprise Car Sales.
Kirk Harris, founder of Lifestyle Lending, has joined CU Direct as product director, retail lending and will take on leadership of both the Lifestyle Lending products and the CUDL
Retail products, CU Direct said.