CU Direct Sets Funding Record Featured
14 February 2018
CU Direct Connect (CUDC) achieved record indirect auto funding of more than $2.61 billion in 2017. Funding increased by 11.1 percent for the year, while shareholder book value increased by 11.2 percent during 2017. During 2017, CUDC reduced origination fees charged to its credit unions by more than $1.55 million in lieu of providing a dividend. CUDC will focus on building out its newer markets during 2018.