Sept. 5, 2005


Comments

 
 
 
  • We have experienced a phenomenal 205% growth in our Indirect program this year. We are writing 90% A and A+ loans, very low delinquency rate. You must have good relationships with the right dealers. I was in the auto business for 23 years and am now the proud manager of an outstanding Indirect program. Thom Rawls, The Tennessee CU, Nashville, TN.
    Anonymous
     
     
     
  • Article was interesting, but not surprising. Although indirect lending increases member and loan growth knowing what the price in delinquency, losses, ROa gives a more complete picture.
    Anonymous
     
     
     
  • We are in the 7th month of indirect lending and results have been good. However, for the complete performance picture of such programs, an analyis of the overall net loan yield, loan losses, credit spread & profitability is required of this type of loan growth before it can be said to be really "outperforming" other types of lending.
    Anonymous
     
     
     
  • We are still in the program; however we have had very high delinquencies. We did not do something right!
    Anonymous
     
     
     
  • excellant article, your Member appreciates this service-convenience. You are buying dealer papers and not making loans, the botton line, do you know how to purchase dealer paper, if not than please consider outsourcing.
    Anonymous