CUDL Pre-Approval programs growth

CUDL ( has announced that its Pre-Approval programs have helped credit unions fund $291.3M in member auto loans over the last three years.

CUDL’s Pre-Approval programs, including Pre-Approval Campaign Manager and the SMART Approval program, have experienced significant growth over the last three years, as more than 350 credit unions have implemented the CUSO’s programs to help grow their auto loan portfolios.  A testament to the programs’ success, more than 77 percent of the programs’ pre-approved members visiting the dealership are getting their vehicle loans funded through their credit unions.

CUDL has confirmed that the number of credit union funded loans through the SMART Approval program alone tripled between 2011 and 2012, while the number of credit union funded loans through CUDL’s Pre-Approval Campaign Manager program experienced a 57% jump between 2011 and 2012.