In 2013, CU Direct said it processed a record $16 billion in funded auto loans, which was an increase of 25% compared to 2012.
Last year, the Ontario, Calif.-based CU Direct said it supported 1,072 credit unions, helping them process more than 2.8 million auto loan applications – a 10% increase in applications compared to 2012.
The lending and automotive lending services company's milestone year was capped off with a record month in December, as the CUSO processed 268,000 auto loan applications, a 43% increase over December of 2012, according to CU Direct.
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