It is no secret the powersports industry is speeding down the fast lane toward pre-recession levels, and if increased financing volumes aren’t enough proof, add ultra-low default rates into the mix.
Defaults are not non-existent for Texas Dow Employees Credit Union, but in March “you could count them on one hand, and we have a fairly large portfolio,” Chuck Smith, vice president and chief lending officer at TDECU, told Powersports Finance.