CU Direct Lending Tops Milestone

Published June 27, 2013, 9:14 p.m. EDT

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Updated August 26, 2020, 10:16 p.m. EDT

1 Min Read

ONTARIO, Calif. Credit Union Direct Lending (CUDL) has surpassed 10,000 dealers in its network.

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The largest auto lending service network for credit unions in the U.S. reached the milestone by adding more than 1,000 dealers in the last year, including dealer expansion as a result of its new operation in Quebec, Canada. The CUDL network includes more than 1,050 credit unions, representing 35 million members nationwide. CUDL credit unions this year have experienced 16% growth in funded loans.

“This indicates just how relevant the services of CUDL are to dealers throughout the country,” said John Lund, president and CEO of Riverdale, Utah-based America First Credit Union, and chairman of CUDL’s Board.

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