Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUs contributions to auto sales noted by dealers
DOTHAN, Ala. (11/18/10)--Credit unions are helping consumers purchase automobiles in the Dothan, Ala., area, according to a local newspaper. Auto sales “are trending upward in Dothan” with taxable sales reaching more than $181 million for fiscal 2010--up roughly $11 million from 2009, said the dothaneagle.com (Nov. 16). One dealer particularly mentioned credit unions. “The economy is coming back,” Jamie Snell, general sales manager for Dothan Chrysler Dodge Kia, told the newspaper. “This year has definitely been way better than last year. The banks have loosened up and started lending, and local credit unions stepped up and have been doing their part for sure. All dealers are getting help from the credit unions. The banks crunched down big-time during the crisis.” During the past three years, car sales at his lot dropped 30% to 40% below normal levels, Snell told the paper. People were not understanding that everyone has to purchase items for the economy to thrive, Snell added. Purchases were spotty, but now are becoming more consistent, with some months in 2010 being as good as any in years past, he added. To read the article, use the link.
Other Resources

RSS





print
News Now LiveWire
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
17 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
23 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
23 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago