How 3 Financial Institutions Boosted Auto Loan Margins in 2020

Banks and credit unions in 2020 faced many challenges, but by the third quarter, lending portfolios overall showed signs of recovery. However, a...


Union Square Credit Union Sees Margins Improve 150 bps with Open Lending

Buying a car has become a lot more difficult for many more people, especially after the coronavirus pandemic brought on greater financial strain...


Farm Bureau Bank Expands Auto Loan Growth Through Risk Mitigation


Beneficial State Bank: Boost Auto Loan Demand to Fulfill Mission

Prior to implementing Open Lending’s Lenders Protection, Beneficial State Bank only approved about 30% of its auto loan applications with a pull...


600% Auto Loan Growth? No Sweat With Help from Lenders Protection

University of Wisconsin Credit Union wanted to grow their auto loan business – by 600% from its peak. The $2.7 billion credit union had a goal of...


Shell FCU Serve More Happy Members with Lenders Protection

“We're always looking for new avenues to produce more loans and automobile one is our preference. That's our bread and butter. We totally are a...

MAX Credit Union Overcomes Local Credit Risks for Greater ROA

When $1.4 billion MAX Credit Union realized its credit-challenged members were taking out loans from other financial service providers at higher...


Firelands FCU Saves Time, Money and Members While Making More Loans

Firelands Federal Credit Union Vice President of Lending Brett Montague has been pleasantly surprised with the amount of new business he’s...


Silver State Schools Credit Union: Strategic Benefits of Auto Loan Default Insurance

Silver State Schools Credit Union, located in Las Vegas, sees its fair share of consumers with poor credit. The average credit score in Las...