(
to the credit union industry, has
announced new partnership
agreements with nine credit un-
ions nationwide.
credit unions will be incorporating
products from CU Direct's suite of
auto lending solutions to drive
loan growth, business efficiency,
and improved member satisfac-
tion. Currently, more than 1,060
credit unions nationwide, serving
34 million members, are utilizing
the CUSO's lending solutions.
clude Lawrence, Massachusetts-
Credit Union (44,319 members,
$500 million in assets). The credit
unions will incorporate CU Direct's
products and programs to en-
hance their line-up of member
offer-
ings
and
ser-
vices,
and to maximize their process
and cost efficiencies.
nership agreements with 80 credit
unions thus far in 2013.
collectively have experienced
16% auto loan growth in 2013.
As a result, CU Direct partner
are the fifth largest auto lender in
the nation. Credit unions have
funded 545,000 loans through CU
Direct's CUDL System thus far in
2013, totaling $12.2 billion in ve-
ing.
rect team
these new credit unions and
working together to define their
auto lending strategy, increase
efficiencies, and grow their auto
loan volume using CU Direct's line
-up of innovative lending solu-
tions and services," stated Tony
Boutelle, president and CEO of CU
Direct.
services in new white paper
was founded on the principle
of "people helping people," it
ions helping credit unions." Or at
least that's the belief held by
many of the executives employed
by financial institutions that have,
for one reason or another, com-
bined forces with one or more of
their industry cohorts in recent
years to offer shared services.
CFO Council, "Sharing the Burden
and the Success: Old and New
Ways Credit Unions Can Benefit
depth look at innovative ways
credit unions are teaming up to
design solutions that generate
penses, expand products
and services, and other-
wise enhance relationships
with members.
questions:
credit unions, and what have
been the bottom-line effects
of them (or what are the bot-
tom-line effects expected to
be, in the case of on-going
examples)?
ships?
mind should they decide to
follow in the footsteps of
these credit unions?
shared services to play in
their operations in the years
to come?
ble to receive complimentary cop-
ies of this, and over 300 other
white papers; non-Council mem-
bers may purchase white papers
for $50 per copy.
the white paper section of