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From the Editors of CU Weekly

updated 03/25/14 08:55 AM
Adds New CU Partners
Autoland, Inc., an auto-buying provider that serves more than 200 credit unions across the nation, saw positive gains in sales and direct loan retention for its partners in 2013.

Auto lending contributed to the majority of credit union consumer loan growth in 2013, which proved to be beneficial for Autoland. In 2013, the CUSO exceeded forecasts and improved earnings for the third straight year.

In addition, member confidence in the company’s concierge car buying model helped bump vehicle sales by 6 percent and raised its auto loan to vehicle sale retention rate to a combined 84 percent—driving $103.3 million in auto loans to credit union partners.

Autoland also recently added 11 new credit union partners, including CalTech Employees FCU, Chaffey FCU, Nikkei CU, SafeAmerica CU, San Francisco Recreation & Parks FCU, and United Health CU, all located in California.

To learn more about Autoland, contact Manager of Credit Union Solutions and Membership at the Leagues, Joyce King, at 909-212-6017 or joycek@ccul.org