CU Direct Lending Marking 30th Anniversary, More Than $458 Billion in Loans

Editor's Note: This story has been updated to correct a headline error in the original report.

IRVINE, Calif.–Credit Union Direct Lending, better known as CUDL and now an Origence brand, is marking its 30th anniversary in 2024, and noting it has funded $458 billion in vehicle loans over its three-decade history.

Boutelle

Tony Boutelle

The company also announced its network expansion to include 20,000 dealerships across the U.S.

“Credit unions on the CUDL platform remain the top auto lender by aggregate volume for nearly three years, furthering the company’s commitment to connecting auto dealers with a network of credit unions,” the company said. “The network of 1,100 CUDL credit unions representing 64 million members funded $46.7 billion in vehicle loans in 2023.”

“We’re proud of the work we’ve done over the past three decades to serve the dealership community,” said Tony Boutelle, the president and CEO of Origence. “As we look at the next 30 years, we’ll continue to focus on providing innovative solutions to connect dealerships, credit unions, and car buyers with the best financing options in the marketplace.”

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Section: Standard
Word Count: 490
Copyright Holder: CUToday.info
Copyright Year: 2024
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URL: https://www.cutoday.info/Fresh-Today/CU-Direct-Lending-Marking-30th-Anniversary-More-Than-458-Billion-in-Loans