Experian and LSI Team Up
ELGIN, Ill.-Lending Solutions Inc. announced it has formed an alliance with Costa Mesa, Calif.-based Experian.
Lending Solutions and Experian have created a program to enable credit unions to recapture auto loans that were not originated at the member's credit union.
Officials said many credit union members finance their auto loans at places other than their credit union.
Experian and Lending Solutions will work together to identify and contact participating credit union members who are utilizing financial services elsewhere.
Currently, Experian and Lending Solutions have 100 common credit union clients that are able to benefit from this new program.
For info: www.nlpc.com.
CUDL To Host NADA Convention
RANCHO CUCAMONGA, Calif.-CUDL announced it will be hosting America's Credit Unions at the National Automobile Dealers Association (NADA) Convention, in Las Vegas, NV, February 3 through February 6, 2007.
NADA averages between 25,000 and 30,000 attendees each year, drawing attendance from approximately one third of all U.S. dealerships.
Last year, CUDL represented its 580 credit unions at the 2006 NADA Convention and hosted representatives from 25 credit unions at the America's Credit Union booth.
For info: www.cudirect.com.
'Swipe & Drive' Program Launched
SAN ANTONIO, Texas-When consumers go car shopping, they don't typically think to whip out the credit card, but a new program offered by Citibank in some of its markets may change that.
Citibank has created an "instant car loan" program it calls "Swipe & Drive" in which Citibank credit cardholders get instant approvals for auto loans.
The program allows customers to make a downpayment on a car using their Citibank credit cards and then get an instant auto loan for up to 90% of the value of the car.
Visit www.cujournal.com
