CU Direct Offers Tips for Origination Growth Despite Looming Economic Downturn

Though credit unions have thrived in the current auto finance market, CU Direct is warning the 1,100 lenders on its platform to remain cautious as near-term macroeconomic factors — like rising interest rates and a potential downturn — are likely to spark additional risk factors. “[Lenders] need to increase their rates along with the [Federal […]
  • Nicole Casperson
  • December 3, 2018
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Credit Unions Look to Improve, Post 2016 Origination Growth

Credit unions, as a collective group, grew auto loan origination volume by about 7% in 2016, while all other loan providers — captives, banks, finance companies, and buy here pay here locations — saw volumes decline year over year, according to Michael Cochrum, vice president of analytics and advisory services at CU Direct. Those increased […]
  • William Hoffman
  • March 14, 2017
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Millennials ‘Just Didn’t Know’ Credit Unions’ Offerings

There is often debate about what millennials think/want/need from financial services providers. But rarely do you hear from millennials on the matter. In the video below, millennials discuss what it is they want from a brand, as well as their lack of appreciation for the range of services provided by credit unions. It is a worthwhile […]
  • JJ Hornblass
  • March 18, 2015
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