CUDL Expands Into N. Carolina

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Credit Union Direct Lending (CUDL), the largest point-of-sale lending network for credit unions in the U.S., has expanded into North Carolina.

The expansion brings to 12 states those in which CUDL is operating, representing more than 260 credit unions and 2,000 dealerships in California, Nevada, Washington, Oregon, Texas, Massachusetts, New Hampshire, Rhode Island, Florida, Minnesota, Virginia and North Carolina.

The $1.2-billion Coastal FCU in Raleigh will become the first North Carolina CU to participate with CUDL. During 2002, CUDL credit unions funded 177,011 contracts for more than $3.3 billion in credit union auto financing.

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