By: Vicky Kinsey September, 2023 Before embarking on its partnership with CUAC, Greater Kentucky Credit Union had been using another Credit Union CUSO to administer their underwriting for their Indirect Lending Program. The need for a change in their Indirect loan origination process became apparent when their previous service provider notified them that they would[…]
Embracing Direct and Indirect Auto Lending Programs for Growth
By Kurt Howard August 2023 In the competitive world of financial institutions, credit unions have earned recognition for their member-focused approach and personalized services. Today, a strategic blend of direct and indirect lending has become essential for credit unions aiming to attract new members and expand their auto loan portfolios. While direct lending is crucial[…]
The Power of Rapid Decisions in Indirect Lending: Leveraging Technology for Success
By: Cliff Campbell July 2023 The need for rapid decisions has become a crucial trend in indirect lending within today’s highly competitive market. Dealers and lenders alike must be able to close deals swiftly to gain an edge over their competitors. Speedy decisions enhance the customer experience, drive sales, and reduce costs for lenders. Next,[…]
The Advantages of Using a Credit Union for Your Indirect Auto Lending
Credit unions offer significant benefits and advantages for their members. These value-added services can serve as a strong selling point for your indirect auto lending activities and other loans offered by your institution.