CENTENNIAL, Colo. — CU Direct Connect — a credit union
service organization that provides a vehicle lending platform and origination
funding support to credit unions and dealerships in Colorado — generated
double-digit growth in a number of metrics during the first quarter.

Through March 31, CU Direct Connect said its funding volume rose
23 percent year-over-year, and its member and shareholder equity increased at
an annualized rate of 11 percent in the first quarter.

CUDC president and chief executive officer Blair Korschun said,
"2013 is a year of investment and growth for our CUSO and our members. We will
be introducing improved technology, new reporting and analytics, new marketing
programs and new product offerings such as our new auto refinance products,
which are just now being launched."

CU Direct Connect also announced that Southwest Colorado FCU
is its newest credit union member.

Southwest Colorado FCU is based in Durango and was
established in 1958 as a community charter serving more than 4,000 members. It
serves the southwest counties of Colorado, including La Plata, Montezuma,
Dolores, San Juan and Archuleta.

CUDC chief operating officer Tom Helmers said, "Southwest Colorado
FCU is a great example of how CUDC serves all its credit union members equally
as all members pay the same fees regardless of size, and it shows how CUDC can
help a local community charter credit union compete against even the largest
banks in a very competitive manner."

Continue the conversation with SubPrime Auto Finance News on LinkedIn and Twitter.