Auto Lending Products To Build Mission-Focused Revenues at Your Credit Union

Delivering Mission-Focused Services

Welcome to the age-old challenge of credit unions: Maintaining suitable performance while providing quality and low-cost services to your membership, especially those most economically vulnerable. Mission or Revenue. Hold up, OR? ¿Por qué no los dos? Mission AND Revenue! Together, we’ll uncover products which build revenues while advancing your credit…

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Does Indirect Lending Have a Future?

Foggy Country Road with Trees

When did your credit union launch its indirect auto lending program? Many large institutions began theirs in the 1990s. They weren’t without challenges. The sector experienced only moderate growth until 2012, when a major shift occurred. Major bank lenders, after suffering losses exaggerated by the impacts of the Great Recession,…

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3 Steps to Enter Car Buyer’s Journey Earlier [Videos]

Hilly Road into Trees

Traditionally, your credit union has had to wait to become part of a member’s car-buying journey: They apply for an auto loan directly and use it to finance a purchase. Your credit union happens to be the indirect financing chosen while they’re at a dealer. Neither are the immersive, consultative,…

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Credit Union Car Buying Service Goals & How to Achieve Them

Light Goal on Dark Road

Your credit union car buying service platform is core to your auto lending strategy. By leveraging this tool, however, your credit union is injected early into members’ car buying journey, while also serving members with simplicity, savings, and financial empowerment. What are the goals for your car buying service? We’ve…

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7 Ways to Grow Your Credit Union’s Direct Auto Loans

Arrows Going Up Road - Growing Direct Auto Loans at Credit Union

Everyone loves growing car loans at credit unions. With low rates, affordable protection products, like GAP and Vehicle Service Contracts, plus friendly staff, all your driving members should finance their car at your credit union. Auto lending is a tool to empower members, but it’s also a major profit center…

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