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.
ONTARIO, Calif. — 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.
Building upon the company’s previous success at the NADA conference, CUDL will continue efforts to further advance dealer awareness of the value of its growing credit union lending network and benefits of a strong credit union and dealer alliance. During the event, CUDL will also be highlighting the ever-expanding suite of dealer solutions.
Although credit unions have faced strong competition in 2010 with the return of banks and other lenders to the marketplace last year, their market share picked up in the second half of the year -- rising from a low of 16.2 percent in March to 17.6 percent in November.
CUDL also experience growth with its national auto lending network last year, signing up 151 new credit unions and 1,158 new dealerships. Currently, CUDL’s national lending network includes 6,900 dealerships and 920 credit unions nationwide, representing 27.5 million members.
“CUDL’s representation of its 900 credit union partners at the convention further underscores the significance of relationships between credit unions and dealers, and emphasizes the importance credit unions’ see in partnering with dealers to get credit union members into new cars,” stated Tony Boutelle, CUDL’s president and CEO. “Our goal is to increase dealers’ awareness of the value of our credit union-based lending network and the many tools we provide to help them grow their bottom lines.”
For more information about CUDL and its products and services, visit booth 2036s at the NADA Conference and Expo.
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →