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CU DIRECT CONNECT ANNOUNCES RECORD MID YEAR 2017 RESULTS

28 Aug 2017
 

CU DIRECT CONNECT ANNOUNCES RECORD MID YEAR (2017) RESULTS

Centennial, Colo. (Aug. 28, 2017) - CU Direct Connect (CUDC), a credit union service organization based in Colorado, today announced that it achieved record indirect auto funding levels of more than $1.41 billion in the first half of 2017.

Funding increased by 36% for the first half of the year, while shareholder book value increased at a 16 percent annualized rate in the first six months of 2017.

“Our CUSO is off to a great start for 2017. We are continuing to see strong application growth and have been adding many new, high-quality dealers to our network across all our markets,” said Blair Korschun, President/CEO of CUDC.

Earlier this year, CUDC added new markets in Texas and Georgia, which include more than 38.8 million consumers. “These new markets, combined with other planned expansion markets, should enable CUDC to have years of strong growth ahead of it,” said Nick Haaf, Chief Sales & Marketing Officer of CUDC.

CUDC is looking for new credit union partners to help support its high level of loan growth.

For more information regarding CUDC member benefits for credit unions and auto-dealer partners, visit them online at www.CUDirectConnect.com. Consumers interested in an auto loan or joining a local credit union may visit www.GetACreditUnionLoan.com.

 

 

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About CU Direct Connect

Formed in 2002, CU Direct Connect (CUDC) is a credit union service organization (CUSO) providing state-of-the-art vehicle lending and origination funding platforms utilized by credit union members and auto dealer partners. CUDC enables any size credit union to generate auto loans and acts as a risk consultant to all partners. The organization is based in Colorado and currently serves more than 40 credit unions for vehicle lending, which supports the large number of auto dealer partners currently enrolled in the CUDC program. CUDC, through its member credit unions, is collectively one of the largest auto lenders in Colorado and is a top 10 auto lender in Arizona. CUDC also operates in Washington, Wyoming, Florida, Texas, Georgia and Illinois. CUDC is expecting to expand into additional markets in the near future. For additional information visit CUDirectConnect.com |GetACreditUnionLoan.com.

 

Media Contact:
CU Direct Connect
Pam Timberman, HR Manager
720-974-1362 | ptimberman@cudc.org

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