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CUAC Collaboration Helped CULANE Become a Thriving Maine CUSO

As Credit Unions look for efficiencies and economies of scale within the indirect auto lending space, collaboration has become incredibly important. Many indirect lending programs available in the market today encourage competition among credit unions and participants find themselves cannibalizing each other’s members, sacrificing profitability for lower rates and focusing on less quality due to desired higher volume.

Quality Control is Key with any Indirect Auto Lending Program

When credit unions think of indirect lending, the first thing that comes to mind is risk. Risk is inherent with any type of lending; however, with indirect auto lending, risk can be exacerbated by elements created by the dealer and the inability for the credit union to personally interact with the member.

Effective Management of Your Credit Union Indirect Auto Lending Program

Expanding the financial options available to your members through credit union indirect auto lending services can boost customer satisfaction and can ensure that your financial institution gets its fair share of the lucrative auto loan marketplace. Managing your indirect lending programs in a proactive way can help you to deliver the right options for your members. Here[…]

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