CUs See Increase in Auto Loans

According to CUNA, credit unions have “gained vehicle loan market share while the average credit scores from consumers purchasing vehicles have dropped near prerecession levels.” Once more, the report shows that CU market share grew by 10.85-16.89% during the first quarter. Great news, right?

It gets better.

Experian stated that the lending environment seems to be on the rebound, while the average credit score dropped six points overall.

So, what should we take from this? Give the CUNA article a read and decide for yourself. Me? I’m going to do a dance of happiness that there is some positive movement.


About dotheroo

The Claim Your Youth team works with credit union professionals to better market to and reach young people... the future of credit unions.
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