LAS VEGAS — Credit unions have done remarkably well recently in repairing once-troubled ties with auto dealers, but work still needs to be done on speeding up approval times, a former Evansville, Ind. dealer and automotive publisher told CU executives Thursday.
"The scars are healed" from the days when CUs would bluntly tell members dealer rates were too high or would skim off finance/insurance products for themselves, Greg Goebel, president/CEO of Auto Dealer Monthly, said.
Goebel, who spent 18 years owning dealerships in Kentucky/southern Indiana and now also runs a Sarasota, Fla. consulting and training business, was a keynote speaker at the ninth annual Auto Lending Symposium of Credit Union Direct Lending held at the Venetian Resort Casino.
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