Black Book, CUNA Expand Relationship to Include Data Services for Credit Unions

Black Book and the Credit Union National Association recently announced they enhanced their 12-year partnership.

The pact between the organizations now includes integrated data products for credit unions at a discounted price. 

“We’re pleased to expand our relationship with Black Book to include access to their vehicle valuation data services at a discounted price,” stated Mark Condon, senior vice president of business and consumer publishing at CUNA.

Credit union users will have online access to consumer portals, custom analysis, and portfolio “refreshes” that are used throughout the industry to help with member education and retention strategies, loss forecasting, understanding collateral risk and loan originations.

“We have enjoyed a long standing relationship with CUNA and its members and currently do business with over 1200 member credit unions in 48 of the 50 states,” explained Black Book president Tom Cross.

“This is a natural expansion of that relationship, and we are pleased to provide integrated solutions to member credit unions through CUNA,” Cross added.

This development comes just a few weeks after the company launched the Black Book Risk Score — a product that can predict vehicle collateral risk associated with lending, ultimately helping to ensure lenders lean toward underwriting customers into models that retain their value stronger, ensuring the lender sees the highest recovery rates possible if a default occurs.

Auto Remarketing published more details about Black Book Risk Score here.