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.
Designed to assist credit unions and their employees in the advancement of their auto lending programs, CUDL
University provides an extensive, growing library of educational tools and resources to help address the latest and the most critical issues facing the auto lending industry.
Across the CUDL
credit union auto lending platform, boomers comprise 36% of all loan applications and nearly 43% of new car applications, Child said.
Through its strategic relationship with Wolters Kluwer Financial Services, CUDL
will provide access to tools that help their 700 credit unions and their 9,000 auto retailers strengthen their businesses.
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.
We are in the process of expanding our indirect lending relationships and StreamLend Velocity also has expansive sales channel integration with DealerTrack, RouteOne and CUDL
teamed up with Remarketing by GE and Manheim, an Atlanta-based provider of vehicle remarketing services, to outline performance checkpoints used by remarketers.
Electronic integration with RouteOne, DealerTrack and CUDL
finance platforms for automobile dealerships;
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.