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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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EXPERTS GIVE ADVICE TO CREDIT UNIONS updated 09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.

GOV. BROWN SIGNS AB 2293 INTO LAW updated 09/18/14 05:06 PM
Relieves CUs of Collateral Burden
California Gov. Jerry Brown signed legislation today mandating baseline insurance requirements for Transportation Network Companies (TNCs)—a move that will help credit unions burdened by a significant reduction in collateral value when accidents occur to these companies’ drivers.

SEPTEMBER: NAT'L PREPAREDNESS MONTH updated 09/17/14 09:13 AM
CO-OP Reminds CUs to Be Ready
The magnitude 6.1 earthquake that struck Napa, CA on Aug. 24 serves as a reminder for vigilant disaster preparedness, as members depend on their credit unions more than ever in times of emergency.

ARTICLES CALL ON LAWMAKERS TO ACT updated 09/15/14 02:07 PM
Data Breaches in Focus
Various opinion articles defending the credit union movement’s stance on data breaches were published in five regional and community newspapers across California and Nevada within the past week as the latest data theft incident at national retailer Home Depot continues to be critiqued in the media spotlight.