Golden 1 Credit Union | Auto Finance News | Auto Finance News

Golden 1 CU inches toward lower credit

LAS VEGAS — Golden 1 Credit Union is looking to expand its underwriting focus in anticipation of slowing vehicle sales in 2020, said Chief Lending Officer Greg Brown. The Sacramento, Calif.-based lender’s average credit score is 739, Brown said. “We haven’t had that conversation internally yet, but dropping the credit average by 10 points would […]

CU Direct on Pace for 1 Million Loans

CU Direct’s network of 1,100 credit unions originated 567,917 auto loans through June, an 18.2% rise from the prior-year period. Cumulatively, that’s more volume than Capital One Financial Corp.’s industry-leading 565,999 contracts through June. “This is a record year for us, for sure,” Tony Boutelle, president and chief executive of CU Direct, told Auto Finance […]