CU Direct’s CU Partners Edge Ally Bank to Become Nation’s Second Largest Auto Finance Source
December 24, 2016
Strategic Link partner CU Direct announced recently that it has helped its credit union partners collectively become the second largest auto financing source in the nation, surpassing Ally Bank.
In aggregate, the more than 1,000 credit unions using CU Direct’s CUDL Lending Platform have been the nation’s third largest financing source the previous two years.
“Our goal has always been to help our partner credit unions and auto dealers create efficiencies and grow their overall market share,” explained Tony Boutelle, president and CEO of CU Direct. “We are proud to provide solutions that achieve these objectives for our credit unions, as illustrated by this most recent data. CU Direct remains dedicated to developing and improving technology solutions that drive our credit unions’ lending business and enable auto dealers to grow their bottom lines and cultivate customers for life. We could not be more excited for everyone who has contributed to this success.”
Read more on the announcement from CU Direct.