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.