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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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SUPP. CAPITAL FOR RBC GAINS ADVOCATE updated 12/16/14 11:04 AM
McWatters Supports Model for CUs
National Credit Union Administration (NCUA) Board Member J. “Mark” McWatters recently said he supports including a supplemental capital provision in the agency's risk-based capital (RBC) rule to help credit unions meet the rule’s requirements.

CU DIRECT TO DONATE 20K TO CMN updated 12/16/14 11:03 AM
‘20 for 20’ Anniversary Campaign
CU Direct, the nation’s leading provider of lending, automotive, and strategic solutions for credit unions, is celebrating its 20th anniversary by holding a contest to donate $20,000 to one of the nation’s Children’s Miracle Network (CMN) hospitals.

NCUA MAY BE LIABLE FOR DATA BREACH updated 12/16/14 10:05 AM
Flash Drive with Member Info Lost
The National Credit Union Administration (NCUA) confirmed on Dec. 15 that a flash drive containing the personal information of Palm Springs FCU member was lost during a recent audit. The loss of data includes names, addresses, Social Security numbers, and account information.

PREPARE FOR HEALTH CARE REQUIREMENTS updated 12/16/14 09:42 AM
Also, Digital Media and Marketing
Federal health care law requirements, creating a quick digital message, and the marriage of innovation with marketing are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest!