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Bulldog FCU Goes From ď0-60Ē with Indirect Lending Success

What would your credit union do if you could start your indirect lending program from scratch? In February 2018, $167 million Bulldog Federal Credit Union, headquartered in Hagerstown, Maryland, got to answer that very question Ė and the clear choice was CU Direct and its CUDL indirect auto lending platform. Bulldog FCU was chartered on…

Credit Unionís New Lending Strategy Brings Unexpected Benefits Beyond Loan Growth

Sandia Laboratory Federal Credit Union, Albuquerque, N.M., thought its switch to CU Directís CUDL platform would help the credit union provide more convenience to its existing members who were looking to buy a car. But what the credit union didnít anticipate was a dramatic surge in new memberships. SLFCU was founded in 1948 by 15…

Credit Union Auto Lending Cruising in 2018

Credit Union Auto Lending Cruising in 2018

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…

Credit Union Embraces Digital Lending System, Grows Indirect Lending to Become Wisconsinís #2 Auto Lender

University of Wisconsin Credit Union (UW Credit Union) has come a long way with its indirect auto lending since first implementing CU Directís CUDL Platform Ė in more ways than one. Mike Long, Executive Vice President and Chief Credit Officer for the $2.7 billion UW Credit Union, based in Madison, Wis., recalls rudimentary technology and…