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

Products
CUDL approves 3 dividend totaling 1.3 million
RANCHO CUCAMONGA, Calif. (1/28/08)--CUDL’s board of directors approved a 3% dividend on the current share price of $1,000, totaling $1.3 million, for its 83 member credit union shareholders for 2007. The dividend, which equates to $30 per share, is a 50% increase over the 2% dividend paid to shareholders in 2006 and 2005. CUDL also grew its national auto lending network in 2007, signing 127 credit unions and 1,035 dealers. By year-end, CUDL had 660 credit unions participating, representing 20 million members and 9,263 auto dealers. CUDL member credit unions would collectively rank as the seventh-largest auto lender in the country during 2007, said CUDL. Forty percent of loans generated through the CUDL system went to credit union members. CUDL is a credit union service organization that develops applications, training and marketing programs related to indirect lending for credit unions.
Other Resources

RSS





print
News Now LiveWire
.@TheNCUA issued orders prohibiting 7 from participating in affairs of any federally insured FIs. See #NewsNow Wed. http://t.co/UFBxuYDB8T
1 hour ago
Albuquerque biz journal highlights #NewMexico's #creditunion culture http://t.co/wpD6scAObo
1 hour ago
#NewsNow LCUL's Cochran: 'Old' benefits attract young, new members http://t.co/nqShYqmfzs
1 hour ago
Over 3,000 #creditunions across the nation raised raise > $10,750,000 for local Children's Miracle Network Hospitals in 2014--a new record.
2 hours ago
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
18 hours ago