By: John Riley August 2023 Indirect lender credit unions without a powerful business intelligence analytics tool expose themselves to unnecessary additional risk. With Credit Union Acceptance Company (CUAC), a credit union-owned company, our customers harness the power of Microsoft Power BI to transform raw data into interactive and visually appealing insights, enabling better decision-making and[…]
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,[…]
Harnessing the Power of Technology in Indirect Lending
By: Taya Parish May 2023 In the ever-evolving landscape of financial services, credit unions are increasingly turning to innovative solutions to meet the needs of their members. Indirect lending, a popular approach that enables credit unions to extend loans through third-party intermediaries, has become a strategic avenue for growth. By harnessing the power of technology,[…]
Avanti Federal Credit Union Benefits From CUAC’s Indirect Lending Solutions
By: Vicky Kinsey Early in 2022, Avanti Federal Credit Union was looking at excess liquidity and a lack of auto loans. At the time, they did not have an indirect lending product in place and wanted to look for a partner that would fit their individual needs. The credit union hired a consultant that quickly[…]
Is your current indirect lending provider delivering what they promised?
By: Lizzy Mayers Prior to joining the CUAC program, Campus Federal® partnered with a third-party provider to originate auto loans. The main challenge the credit union faced was the level of auto loans was below where it needed to be in order to successfully diversify their loan portfolio. It was clear their vendor could not[…]