Shared Accounts w/ CU Times – Have CUs Hit the Auto Loan Bottom?
CU Times’ Jim DuPlessis on auto loan market share manipulation, selling securities, and how CUs may have already hit bottom.
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It’s “Auto Loan Month” on Shared Accounts With CU Times! In this episode, I’m joined by our lending reporter Jim DuPlessis to unveil several hot news items from the recent CU auto lending data, while he sits on a South Carolina beach and I’m wrapped in layers in Wisconsin..
During our chat, we see some interesting news come into view such as the possibility of auto loan market share manipulation happening by credit unions executives and why this is a good thing.
Jim and I dive into the new world of credit unions selling auto loan securities as a record number of CUs sold $3 billion in auto loan securities in 2023. Finally, the chaos might be behind us as credit unions appear to have hit the bottom of the auto lending trough and things are looking up in 2024.
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