Archives
Credit Union Auto Lending Cruising in 2018
Published in Auto Lending, Indirect Lending
Remember late last year, when auto loans were predicted to drive 2018 total credit union loan growth at a rate of 9.5 percent? Some doubted credit unions would achieve that growth rate, especially after a number of industry experts forecasted a 2.3 percent reduction in 2018 new car sales. The post-recession boost in new car…
Why is Credit Union Auto Loan Growth Up?
Published in Auto Lending, Auto Shopping/Buying
I was recently asked during an interview what I thought credit unions were doing differently to account for credit union auto loan growth being on the rise. The question kind of caught me off guard and I didn’t have a ready answer. I do know that credit unions are becoming more data savvy — and I know…