CUNA, Datatrac Provide CUs With New Auto Loan Pricing Tool

MADISON, Wis. – CUNA, through its strategic alliance with Datatrac, has made a new tool available to credit unions – “Indirect, Risk-Based Benchmark Report” to assist them in pricing indirect, risk-based auto loans offered through auto dealerships. According to CUNA, the report is designed to complement the other rate intelligence reports from Datatrac, a leading supplier of competitive interest rate information to the financial services industry. The report provides a monthly benchmark of trends in the pricing of wholesale or `buy’ interest rates offered to dealerships for making indirect auto loans on behalf of financial institutions. CUNA and Datatrac first formed their strategic alliance in 2001. Wes Millar, CUNA VP of Strategic Alliance, said the number of credit unions that use Datatrac’s rate intelligence services has doubled since then.