LAS VEGAS — After years of what were described as "troubled relationships," credit unions are now getting high marks from auto dealers on their ability to bring in profitable business, an automotive publisher and former Evansville, Ind. dealer told CU loan executives here.
"The scars are healed," from the days when CUs would bluntly tell their members rates were too high "and they were paying too much" at an individual dealer.
Or CUs would skim off finance/insurance products for themselves leaving little for dealers, declared Greg Goebel, president/CEO of Auto Dealer Monthly and former manager of dealerships in southern Indiana and northern Kentucky.
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