LAKE SUCCESS, N.Y. — DealerTrack, the auto lending financing source for 22,000 car dealerships wants more credit unions to know that it's the "go-to" provider to those that want to increase their indirect loan portfolio. Mark Brown, vice president of lenders solutions at DealerTrack told Credit Union Times they have the "broadest dealer network, and that's the most important aspect of providing service to members."

Brown said that DealerTrack Holdings, Inc., https://www.dealertrack.com (Nasdaq: TRAK), is the leading provider of on-demand software and data solutions for the U.S. automotive retail industry. Dealers receive consumer leads, submit credit applications and receive responses, compare financing and leasing options, sell insurance and other aftermarket products, document compliance, and execute financing contracts electronically. They say they do business with 90% of all franchised dealers and can connect with over 350 financing sources, half of which are credit unions.

But the number is more than 175 CUs, said Brown, because Credit Union Acceptance Company, http://www.cuacdirect.com/, services at least 58 CUs and San Antonio Credit Union's CUSO, CARS, offers their auto dealer arrangement with some 20 others. The network is growing, Brown said, as more credit unions see the need to both reach their members at the dealer's F&I office and create new members through indirect auto loans.