This session is sponsored by:
Personally, I'm a fan of auto leasing. I don't have the talent or skills to deal with car problems, so I opt to lease my cars. Why do so few credit unions not take part in auto leasing programs? And why do those who do participate in the leasing world see such strong numbers?
In this episode, we talk about these issues, and more, with Mark Chandler, VP Business Development at Credit Union Leasing of America.
Affordability of cars and trucks have been at record levels for most of 2023 and prices are beginning to level off. To round out your auto lending products, Chandler said, "If you're doing auto lending, you should be doing auto leasing."
We discuss average loan terms for credit unions and what that means for leasing, as well as the importance of auto dealer relationships in this lending/leasing environment. We also make a connection to leasing and the movie "Somethings Gotta Give" – what kind of auto loan would Keanu Reeves be? It'll make sense when you listen.
To listen to the previous episode, click here.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
