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In a challenging economy credit unions must choose loan products that efficiently maximize returns.
The Florida cooperative uses direct mail and digital techniques, plus a guarantee of 2 percentage points less than the member is paying now.
Since year-end 2017, credit unions have gone from financing 19.7% of auto loans on the market to 20.5%.
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Annual growth in auto loans was the fastest of any major loan product at U.S. credit unions. Dig deeper to learn why.
Credit unions in Missouri turned out impressive auto loan penetration and overall asset quality.
Florida credit unions reported year-over-year growth in deposits and loans in addition to reporting the highest share draft penetration of any state in the nation.
Twenty-five years in, the Treasury Department program’s roster is dominated by member-owned cooperative financial institutions, who find a precise mission fit.
As lending rolls along at U.S. credit unions, members show their appreciation by making timely payments.
Five can't-miss data points this week on CreditUnions.com.
Protecting consumers and lenders alike takes on new urgency as sticker prices surge and loan terms lengthen.