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March 14, 2017 - Industry News

CUDL Holds Onto No. 2 Spot in Auto Finance Rankings

The more than 1,000 credit unions on CU Direct’s lending platforms maintained their No. 2 spot on Experian’s auto finance leaderboard in January. And with plateauing demand for new vehicles expected to drive up pre-owned sales, the market appears ripe for credit unions to reap further market share gains.

Tags: auto finance, credit unions, CUDL, powerbooking

January 18, 2017 - Industry News

CU Direct Claims $30 Billion in Auto Loans, Pays Cash Dividend

Credit unions funded 1.4 million loans through CU Direct’s Lending 360 and CUDL lending platform, generating a record $30 billion in credit union auto loans in 2016 and surpassing the $26 billion in loans the company funded in 2015.

Tags: auto finance, credit unions, CU Direct, CUDL, F&I manager, loan originations

October 5, 2016 - Industry News

Former AutoNation Direct Head Joins CU Direct

Ron Frey, former chief strategy officer and president of AutoNation Direct, has joined CU Direct as chief strategy officer of its automotive solutions. He will oversee the planning and direction of automotive solutions for the credit union technology provider.

Tags: AutoNation, Chief Strategy Officer, CU Direct, CUDL, Hiring, TrueCar

September 6, 2016 - Industry News

CU Direct Reaches New Milestone

Credit unions funded a record 529,000 auto loans through CU Direct’s Lending 360 and CUDL platforms in the first half of 2016. That amounts to more than $16.1 billion in funded automotive loans.

Tags: Auto Loans, credit unions, CU Direct Corporation, CUDL

April 28, 2015 - Industry News

Credit Unions Now Third Largest Auto Lender Type, CUDL Reports

Credit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.

Tags: credit unions, CU Direct Corporation, CUDL, Delinquencies, loan originations

January 21, 2014 - Industry News

CU Direct to Showcase Latest Generation of CUDL AutoSMART

CU Direct will showcase the latest generation of its vehicle-shopping website, as well as its new Auto PREMIER concierge program.

Tags: credit unions, CU Direct Corporation, CUDL, NADA Convention and Expo

September 10, 2013 - Industry News

CUDL Completes Two-Way DMS Integration With ODE

CUDL has completed dealer management system integration of its lending system with Open Dealer Exchange, along with the DMS of ODE's parent companies ADP and Reynolds and Reynolds.

Tags: ADP, CUDL, DMS, DMS integration, Reynolds & Reynolds

July 9, 2013 - Industry News

CUDL Reaches 10,000-Dealer Milestone

After adding more than 1,000 dealers last year and expanding into Canada, CUDL announced that it now has 10,000 dealers on its credit union lending network.

Tags: credit unions, CUDL, dealer

April 23, 2013 - Industry News

CU Direct Expands Into Canada

CU Direct Corporation partners with Canada’s largest credit union to develop eSpaceAuto.com, which will connect its members to 2,200 auto dealer and merchant partners throughout Quebec.

Tags: CU Direct Corporation, CUDL, Desjardins Group

February 9, 2012 - Industry News

CUDL, OVE.com, GE Capital Fleet Services Launch Online Buying Network

CUDL announced a new initiative with Manheim’s OVE.com (Online Vehicle Exchange) and GE Capital Fleet Services that will offer a new online vehicle buying program to CUDL’s dealer network.

Tags: CUDL, GE Capital, Manheim, OVE.com, remarketing

February 2, 2012 - Industry News

ODE, CUDL Announce DMS Integration

Open Dealer Exchange LLC announced an agreement for integration with CUDL, which will provide lenders with direct credit application and contract validation data directly from the dealership management system.

Tags: credit unions, CUDL, dealership management system, DMS, Open Dealer Exchange

December 20, 2011 - Industry News

CUDL to Represent Credit Union Partners at NADA Convention

CUDL announced that the company will be representing its credit union partners at the National Automobile Dealers Association (NADA) Convention for the ninth consecutive year.

Tags: credit unions, CUDL, NADA, NADA Convention and Expo

October 13, 2011 - Industry News

CUDL Credit Unions Picking Up the Pace

After hitting a monthly low in March, CUDL credit unions have increased their market share by nearly 2 percentage points, and have maintain a share of more than 17 percent since May, CUDL revealed in late September.

Tags: Auto Loans, Credit, credit unions, CUDL, Indirect Lending, market share

February 11, 2011 - Industry News

CUDL and 700Credit Forge Partnership

700Credit LLC, a provider of credit reporting and compliance products and services, has partnered with CUDL, a provider of indirect and point-of-purchase auto lending solutions to the credit union industry.

Tags: credit reports, credit unions, CUDL

February 8, 2011 - Industry News

CUDL Unveils New Dealer Portal Site at 2011 NADA Convention

CUDL, administrators of the nation’s largest auto lending network for credit unions and the CUDL AutoSMART vehicle shopping Website, premiered its new dealer portal Website at the 2011 NADA Convention and Expo.

Tags: credit unions, CUDL

January 18, 2011 - Industry News

CUDL to Represent 900 Credit Unions at NADA Conference

CUDL, which administers an auto lending network for credit unions, will be representing more than 900 partnering credit unions for the eighth consecutive year at the National Automobile Dealers Association (NADA)’s conference, scheduled for Feb. 5-7 at the Moscone Convention Center in San Francisco.

Tags: credit unions, CUDL

July 13, 2010 - Industry News

CUDL Introduces AutoSMART iPhone App

CUDL, the administrator of the nation’s largest auto lending network for credit unions, announced the roll-out of its new CUDL AutoSMART application for the Apple iPhone.

Tags: credit unions, CUDL, Mobile Applications

April 12, 2010 - Industry News

CUDL Credit Unions Break Into Top Five

A new report from Credit Union Direct Lending (CUDL) shows that the firm’s affiliated credit unions collectively represented the United States’ No. 5 source for auto loans in 2009.

Tags: credit unions, CUDL, Delinquencies, indirect loans, new-vehicle originations

January 26, 2010 - Industry News

CUDL to Represent 750 Credit Union Partners at 2010 NADA Convention

CUDL, which administers the nation’s largest auto lending network for credit unions, will represent its more than 750 partnering credit unions at the 2010 National Automobile Dealers Association (NADA) Convention.

Tags: credit unions, CUDL, NADA

December 3, 2009 - Industry News

CUDL Receives Marketing Award for AutoSmart Program

CUDL, the administrator of a credit union lending network, announced that its AutoSMART Program and Website, www.cudlautosmart.com, was presented with Summit International’s 2009 Marketing Effectiveness Award (MEA).

Tags: credit unions, CUDL

March 25, 2009 - Industry News

CUDL and Kia Motors America Enter New Partnership

CUDL, which administers a point-of-sale and indirect auto-lending network for credit unions, has partnered with Kia Motors America (KMA) to provide credit union members with discounts on new vehicle purchases.

Tags: credit unions, CUDL, Kia

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