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CUDL pays 3 dividend
RANCHO CUCAMONGA, Calif. (2/9/09)--CUDL, a point-of-sale and indirect auto lending network for credit unions, paid a 3% dividend to its 85 member credit unions for 2008. CUDL said it has 704 credit unions on the network, representing 20 million members, and 9,894 auto dealers. The company generated more than 560,000 auto loans at dealerships nationwide during 2008. About 32% of the loans went to credit union members who were identified at the point-of-sale in the dealership. New credit unions that signed onto the platform include:
* Citadel FCU, Thorndale, Pa.; * Texans CU, Richardson, Texas; * Pennsylvania State Employees CU, Harrisburg, Pa.; * Summit CU, Madison, Wis.; * Partners CU, Strum, Wis.; and * APCO Employees CU, Birmingham, Ala.
CUDL is based in Rancho Cucamonga, Calif.
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