With banks retreating from all risk tiers, an executive with CU Direct Lending said the auto finance market is primed for credit unions to pick up more share. In the first quarter, credit unions grew their share of the market by 4%.
Chief Executive Officer Colin Brown will add board chairman duties while Brent Burns takes on president and COO duties.
MaximTrak Technologies was recognized in the F&I Technology category for the third consecutive year.
The new program was designed to reduce auto dealership turnover by at least 5% in 12 months.
The income development company earned a Diamond award in F&I Training and Platinum in the Compliance Training category of Auto Dealer Today’s 2017 Dealers’ Choice Awards, which are voted on by dealers and dealership personnel.