For over 30 years, credit unions have been at the forefront of facilitating auto financing through the innovative CUDL platform. This powerful connection between credit unions and dealerships has transformed the vehicle purchasing experience for millions of consumers. Let’s take a glimpse into the driving force of these lending opportunities and the technology powering it all.
In 2023 alone, a staggering $50.1 billion in indirect loans were funded through CUDL. This figure translates into 3,835 loans funded daily, with a cumulative total of 1.5 million indirect loans. What’s even more remarkable is that $44.7 billion of these loans were facilitated digitally, showcasing the growing consumer demand for online financing options.
At the heart of this success is the CUDL Dealer Network, seamlessly connecting 20,000 auto dealers and over 1,100 credit union partners nationwide. Throughout the years, this network has provided unparalleled support for credit unions looking to expand their indirect lending reach while making connections with existing and potential members.
But it doesn’t stop there. By leveraging Origence arc OS, credit unions are presented with additional opportunities to enhance their lending operations. With 1,800 variables to automate decision-making and over 100 integrations readily available, credit unions have the tools needed to configure their ideal lending strategy and bring it to life.
Ready to pull back the curtain? Check out the numbers detailed in our latest infographic to uncover the full story behind Origence and CUDL’s undeniable impact.
Contact us today to see first-hand how Origence Indirect Lending and the CUDL Network can help your credit union streamline lending processes, expand market reach, and enhance the member experience.
