ARTICLE
CULS offers an industry solution to ensure continued interest income and margin on auto loans at your credit union. As the rate of demand for new and used car loans continues to decline, credit unions must find ways to evolve and supplement their current loan sources to maintain current auto loan portfolios. Strategic Alliance partner with the Minnesota Credit Union Network, Credit Union Loan Source (CULS), provides state-chartered credit unions the opportunity to supplement direct auto loan growth by investing in indirect auto loan participations. Join us for a presentation and open discussion on how CULS can support your auto loan portfolio needs Tuesday, April 21 at 2 p.m. or Wednesday, April 22 at 10 a.m. CULS benchmarks itself against credit unions for delinquency and loss purposes and is right in line with credit union performance. The advantages to participating credit unions include: -Reduced origination expense: Industry expertise, uniform credit guidelines, loan documentation, performance analytics -Reduced risk to the credit union: Each credit union owns a portion of every loan in the pool -Portfolio diversification: Geographic diversification from eight (8) states as well as asset class -Lower risk loans: prime lending program, nothing subprime (640+ FICO scores) -Regulator friendly: Department of Commerce approved with a long track record -Increased margin and profitability: CULS targets a net yield that exceeds 3 year T-Bill's by 1.25% (inclusive of losses) Register for Tuesday, April 21 Register for Wednesday, April 22