CUDL Expanding Into Texas

The Credit Union Direct Lending (CUDL) program continues to expand, this time by moving into Texas. Already operating through 1,475 dealerships and 206 participating credit unions in California, Nevada, Oregon, Washington, Massachusetts, New Hampshire and Rhode Island, CUDL has expanded into Texas initially via credit unions based out-of-state but with branches in the Lone Star State. CUs now live on the program in Texas include the St. Louis-based Anheuser-Busch Employees CU and Earthgrains CU, and the California-based Lockheed FCU and Premier America CU. Chevron Texaco Credit Union will begin offering its Texas members access to the Credit Union Direct Lending program in June. Sharon Tolar has been named as CUDL's business development representative for the state. During 2001, CU Direct Corp. funded 140,294 contracts for more than $2.5 billion in credit union auto financing.