Credit unions appear to be hitting their stride when it comes to growing their auto lending portfolios.
In unit volume, auto loans represent the largest portion of all credit union loans at 32%, according to CUDL, a subsidiary of CU Direct Corp. At the end of 2011, the loans represented 29% of the average credit union portfolio.
After hitting a monthly low of 15.2% back in March of last year, credit union auto lending market share has climbed and maintained above 17% each month since May 2011, CUDL noted in its quarterly Auto Lending Trends & Credit Union Analysis webcast. At the end of January, credit unions' year to date auto lending market share was 17.4%.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
