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Many Get Auto Loans from Credit Unions

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It is nothing new that Credit Unions have dominated the auto-finance business, at least for those folks with good or excellent credit.

According to Callahan & Associates, there was a 10% increase in consumer auto loan originations in the first half of 2011.  Credit Unions own 16.2% of the market according to this source.

The # 1 Credit Union Auto Loan Provider is Heritage Federal Credit Union, according to Cross-Sell, Inc.

Why are credit unions so popular for this financing?  Many consumers believe it because they give a better deal, as well as honesty, trust and other incentives.

About John Krystof

John Krystof writes about personal finance and money matters for RateZip.com. He was born and educated in Central Europe, but presently resides in New York City.

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