Press
CU Direct Connect Experiences Strong Growth in First Quarter 2013
CENTENNIAL, CO (April 16, 2013) – CU Direct Connect (CUDC) announces that they experienced strong auto loan growth in the first quarter of 2013 and that they are proud to welcome a new credit union member to their credit union service organization.
Through March 31, 2013, CU Direct Connect’s funding volume is up 23 percent YOY, and its Member/Shareholder Equity increased at an annualized rate of +11 percent in the first quarter.
Blair Korschun, CUDC’s president/CEO, stated, “2013 is a year of investment and growth for our CUSO and our members. We will be introducing improved technology, new reporting and analytics, new marketing programs and new product offerings such as our new auto refinance products, which are just now being launched.”
CU Direct Connect is also proud to announce that Southwest Colorado FCU is our newest credit union member. Southwest Colorado FCU is based in Durango, Colo. Southwest Colorado FCU was established in 1958 and is a community charter serving more than 4,000 members. It serves the southwest counties of Colorado including La Plata, Montezuma, Dolores, San Juan and Archuleta.
Tom Helmers, CUDC’s COO, stated, “Southwest Colorado FCU is a great example of how CUDC serves all its credit union members equally as all members pay the same fees regardless of size, and it shows how CUDC can help a local community charter credit union compete against even the largest banks in a very competitive manner.”
About CU Direct Connect (CUDC)
CU Direct Connect (CUDC), a credit union service organization, provides a vehicle lending platform and origination funding support to credit unions and auto dealerships. The organization formed in Colorado in late 2002 and currently serves approximately 35 credit unions for vehicle lending in the state of Colorado. CUDC, through its member credit unions, is collectively the largest auto lender in Colorado YTD through March 31, 2013. For additional information go to WWW.CUDIRECTCONNECT.COM.