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CU Direct Credit Unions Fund $1 Billion in Auto Loans in March

RANCHO CUCAMONGA, Calif. -- CU Direct Corp.'s network of credit unions funded more than 53,000 loans totaling more than $1 billion in March.

by Staff

May 2, 2005

1 min to read

RANCHO CUCAMONGA, Calif. -- CU Direct Corp.’s network of credit unions funded more than 53,000 loans totaling more than $1 billion in March. This includes credit unions using the Credit Union Direct Lending and CU Direct DecisionApp platforms.

"This is a significant milestone for the credit union industry," said Tony Boutelle, president and CEO. "As we pursue our mission to increase credit union indirect lending success through the power of aggregation in a national network, we strengthen the ability of all credit unions to increase their market share of auto loans."

Total loans funded for the first quarter exceeded 134,000, valued at $2.8 billion.

Topics:F&I

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