How great would it be to have a crystal ball that accurately predicts the future? What might it foresee when it comes to strategic planning and budgeting for auto lending in 2020? Available on the market are a myriad of “future analytic” programs that predict...
As summer quickly approaches, we thought focusing on immediate opportunities would be most beneficial for this edition of Stellar Insights. It’s common this time of year to analyze “where we are” versus “where we want to be” and make any...
SALrefi.com is an innovative, consumer-facing web platform. This free online service helps consumers find the best auto refinance option in their market. We’re off and running with our new online auto-refi lead source – SALrefi.com. We initially...
The brutal reality to the question above is: “It depends on the cost of acquisition, and any lost opportunities.” Auto loans are the “lifeblood” for most credit unions needing assets. When credit unions were first formed, most were SEG based,...
Credit unions are in the business of educating. Much of that education is centered around the advantages and benefits of credit union membership as well as adopting strategies to help serve the underserved in their market. Relying on traditional SEG-based growth in...
Auto lending has increasingly become a profit center for the credit union industry over the years. Most credit unions offer some type of auto loan financing whether directly to their members or through auto dealerships and other relationships. In this article, I will...
