Relationships Help Credit Unions Capture Growing Auto Loan Market

Northwest credit unions continue robust auto lending in a “hot” market. Data from CUDirect and Callahan & Associates finds Washington credit unions grew the category by 56 percent since late 2011, while Oregon credit unions increased by 34 percent.

BECU Lowers Interest Rates for Over 30,000 Members

The credit union’s members will save nearly $3 million thanks to its Reprice Program, which proactively evaluates members’ credit scores and payment histories and lowers rates where possible.

BECU Lowers Interest Rates for Over 30,000 Members

The credit union’s members will save nearly $3 million thanks to its Reprice Program, which proactively evaluates members’ credit scores and payment histories and lowers rates where possible.

Credit Unions Experience Fastest Loan Growth in Their History

Latest CUNA Mutual Group report highlights record $10.2 billion in loans added by credit unions, plus membership growth hits its fastest rate in two decades.

GM Credit Union Discount Program Sunsets

After nearly seven years of success driving car sales and credit union loans, GM will suspend the program this October.

CUNA’s Credit Union Magazine Shares the Top 10 Issues on the CFPB’s Radar

Annual privacy notices, prepaid cards, and overdraft programs three of the CFPB’s top 10 priorities for 2015, according to Credit Union Magazine.

Four Things That Improve Auto-Loan Refinance Results

Consumers are returning to car dealerships, which means big opportunity for credit unions that are prepared. Here are four things to help you capitalize.

Empower Auto Loan Portfolio Growth: Complimentary Webinar

Is your auto loan approval rate healthy, but your funding rate in decline? In today’s competitive finance environment, growing your auto loan portfolio can be a challenge. Autoland, a Strategic Link business partner, says the solution is a combination of the right resources and knowledge.

CALCOE Federal Credit Union’s Non-Prime Auto Loans Put Members on Road to a Better Future

CALCOE Federal Credit Union is partnering with the National Credit Union Foundation and the Filene Research Institute to pilot two new products that it hopes will promote thrift and provide greater access to credit. One will offer affordable auto loans to credit-challenged consumers; the other will reward borrowers who make payments on time with rates that can go even lower.

CU Direct to Pay 3-Percent Dividend to Shareholders; Autoland Earnings Beat Forecasts

CU Direct announces that will pay a 3-percent cash dividend to its 102 credit union shareholders — the ninth consecutive year that it has paid a dividend. Autoland, Inc. reports increased earnings for the third straight year; gross margin, vehicle sales and the CUSO’s auto-loan-to-sale-retention rate all increased, the company says.

Putting Members in the Driver’s Seat, Part V: Hidden Gems

Hidden among the hundreds of cars that you’ll find at February’s Portland and Spokane auto shows are some real gems. They aren’t the speediest, spendiest or flashiest, automotive journalist John M. Vincent says in Part V of “Putting Members in the Driver’s Seat,” but they’re all cool in their own way.

Putting Members in the Driver’s Seat, Part IV: It’s Easy Being Green

Kermit the Frog used to sing “It’s not easy being green.” But if you’re a car buyer in today’s market, automotive journalist John M. Vincent says in Part IV of “Putting Members in the Driver’s Seat,” it’s certainly easy to buy green — and it’s getting easier every day.

Putting Members in the Driver’s Seat, Part III: Auto Industry Brimming with New Models, Innovation

Like most of America, auto sales are emerging from a long slump. Now that the economy is climbing out of its deep hole and consumers have more confidence, they’re buying again. In Part III of “Putting Members in the Driver’s Seat,” automotive journalist John M. Vincent says carmakers hope to meet the pent-up demand with cars and trucks that are better, safer and more efficient than ever.

Putting Members in the Driver’s Seat, Part II: The Auto Industry’s Booming — But for Who?

America’s auto industry is booming again. Many manufacturers are reporting record sales, and the overall new-car market is expected to exceed 16 million vehicles in 2014. Who’s buying these cars, and what are they buying? The answers, automotive journalist John M. Vincent says in Part II of “Putting Members in the Driver’s Seat,” might surprise you.

Putting Members in the Driver’s Seat: Northwest Credit Unions and Winter Auto Shows are a Perfect Match

“Putting Members in the Driver’s Seat” is a special package of stories and photos that credit unions can use to entertain and educate their members during this key car-buying season. The package, by John M. Vincent, a nationally-recognized automotive journalist and longtime Northwest credit union board member, is available for download now!

Free Auto Club Memberships Help Drive Loan Traffic to Peninsula Credit Union

Peninsula Credit Union has seen a big increase in auto-loan traffic after dropping rates and offering car buyers a free one-year membership in the Credit Union Auto Club.

In Oregon, Cheap to Finance and Drive

Oregon credit unions offer among the least expensive auto loans in the country. And as a bonus, it’s the least expensive state in which to own and drive a vehicle according to two bank monitoring sites releasing studies this week. Take a ride on the savings highway.

Hot Auto Market Fuels Credit Union Lending in Northwest

A red-hot auto market bodes well for credit unions. In Washington, vehicle registrations hit a post recession high of 278,000 vehicles in June and July. Auto lending makes up 32% of Northwest credit unions’ loan portfolios.