CU Direct has partnered with CU Direct Connect (CUDC) in order to better meet the growing indirect lending needs of credit unions and to strengthen the position of the credit union industry with auto dealers across the country, the company announced.
Through the partnership, CUDC's credit union partners will gain access to CU Direct's CUDL auto lending network, which is comprised of approximately 14,000 dealers nationwide. Meanwhile CUDL's network will further expand with the inclusion of CUDC's credit union partners.
"The agreement gives credit unions a greater unified focus on a credit union specific indirect channel that distinguishes them from banks and finance companies," according to the release. "Dealers gain a simplified access to new lending partners through this collaborative effort, magnifying the value of services offered by both organizations."