Credit unions employing CU Direct have grown to represent the nation's third-largest auto lender based on originations, according to the CUSO based in Ontario, Calif.
The rank was reached through the 529,000 auto loans credit unions originated through CU Direct's Lending 360 and CUDL platforms in the first half of 2016, a 16.4% increase over the first half of 2015.
Loans funded by the more than 1,000 credit unions, using CU Direct's systems, reached more than $16.1 billion in the first half, up 24.5%.
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