Lending

Credit Unions Amass Largest Share of the Automotive Finance Market in Five Years

Through the first three months of 2022, there were some shifts in the automotive finance market, most notably, significant growth for credit unions. According to Experian’s State of the Automotive Finance Market: Q1 2022 report, credit unions amassed 22.06% of the total automotive finance market, up from 18.55% a year prior.

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CU Strategic Planning Client Credit Unions Awarded More Than $20 Million from CDFI Fund

Credit Union Strategic Planning, the credit union movement’s largest organization for helping credit unions obtain Community Development Financial Institutions Fund grants from the U.S. Treasury Department, facilitated nearly half of all successful 2021 CDFI FA grant applications for credit unions, totaling $20 million.

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