Mechanical Breakdown Insurance Benefits Member and Credit Unions

Guest writer John Vincent details the emergence of mechanical breakdown insurance and how it could benefit credit unions and members, alike.

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.

Strategic Link Question of the Week

CUNA Mutual’s AskAuto app may be just the “friend” car-buying consumers are looking for. It’s a resource for credit unions trying to grow their auto lending category. The app is detailed in this week’s Strategic Link business partner question.

CFPB Issues Guidance on Indirect Lending and ECOA Compliance

A bulletin released last week by the CFPB provided indirect auto lenders within the CFPB’s jurisdiction with suggestions for limiting fair-lending risks under the ECOA for discriminatory dealer markups.