CU Direct Connect Sets Funding Record

CU Direct Connect (CUDC) achieved record indirect auto funding of more than $2.61 billion in 2017.
Funding increased by 11.1 percent for the year, while shareholder book value increased by 11.2 percent during 2017.

During 2017, CUDC reduced origination fees charged to its credit unions by more than $1.55 million in lieu of providing a dividend. 
CUDC will focus on building out its newer markets during 2018.Santander Holdings USA Inc. announced results as of the early participation date for its previously announced cash tender offer (for up to $400 million in aggregate principal amount of its 3.45% Senior Notes due 2018) and 2.7% Senior Notes due 2019.  The offer is made upon the terms and subject to the conditions set forth in the offer to purchase dated Feb.1.The early participation date for the offer was Feb. 14. The early participation date was not extended.  

Last modified on Sunday, 25 February 2018 13:22

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