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CUDL EXPANDS TO 10,000 AUTO DEALERS
updated 07/08/13 03:06 PM
Auto Lending Milestone Reached
CUDL, the credit union industry’s largest auto lending network, has expanded to 10,000 dealers, a momentous achievement for the Ontario, CA-based company.

For more than 20 years, CUDL’s auto lending network has provided credit unions the ability to help their members gain vehicle financing at auto dealerships.

In recent years, the company has experienced significant growth, including adding more than 1,000 dealers in the last year. Its pre-approval programs, including Pre-Approval Campaign Manager and the SMART Approval program, alone have helped credit unions fund $291.3 million in auto loans over the last three years.

“I congratulate CUDL for reaching the significant milestone of 10,000 dealers using the CUDL system,” said John Lund, CUDL board chairman. “This indicates just how relevant the services of CUDL are to dealers throughout the country. The outstanding products and services offered by CUDL provide a winning solution for dealers, credit unions, and most importantly credit union members.”

CUDL's network includes more than 1,050 credit unions, representing 35 million members nationwide, with credit unions experiencing 16 percent growth in funded auto loans since the beginning of the year.

For more information, visit www.CUDL.com.

 
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MCWATTERS DISSENTS ON BUDGET VOTE updated 11/22/14 06:37 AM
Also, Revised RBC Rule Coming
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters was the only one to vote “no” on the board’s 2015 proposed budget, which will increase 4.2 percent over last year. The vote was 2 to 1.

ANNUAL FED WEBINAR ON REGS, GUIDANCE updated 11/21/14 10:32 AM
Also, FinCEN Issues Advisories
Senior staff at the Federal Reserve will host an annual webinar to provide a recap of recent regulatory changes and highlight various inter-agency guidance. The webinar will also discuss current hot topics in the financial services industry and give a glimpse of future regulatory changes.

NEW EMPLOYMENT LAWS FOR 2015 updated 11/21/14 04:33 PM
Also, TIPs Bulletin Posted
The California Chamber of Commerce has released a list of new employment laws scheduled to take effect in 2015 or earlier that will have an impact on businesses in California.

DIANA DYKSTRA RECEIVES 'EAGLE AWARD' updated 11/20/14 10:41 AM
Outstanding Record of Achievement
Diana Dykstra, president and CEO of the California and Nevada Credit Union Leagues, was presented with the American Association of Credit Union Leagues’ highest honor—the Eagle Award—this week during AACUL’s winter meeting in Hawaii.