After many years of focusing primarily on used car loans, some credit unions are seeing an increase in new auto loans.
Tony Boutelle, president/CEO of CU Direct, said numbers reflecting the trend have shown up in his lending, automotive and strategic services CUSO's loan reports.
There are 1,074 credit unions that use the Ontario, Calif.-based CU Direct's loan origination platform, which suggested an effective bellwether of credit union auto lending trends, he noted.
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