A joint venture between California's largest credit union and a state trade association is heating up credit union auto lending from Sacramento to Los Angeles.

Credit Union Direct Lending, an automated loan approval system available from a California Credit Union League affiliate, helped 57 financial cooperatives rack up 14,000 car loans worth $240 million. It was the program's first year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.