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Lender Increases Auto Financing

navy_fcuNavy Federal Credit Union, the nation's largest credit union, announced a record year for loan originations, thanks in part to an increase in auto finance.

The credit union originated $4.8 billion in auto loans in 2012-a 46 percent increase over 2011. While historically low rates spurred much of the loan volume, the credit union also credited the growth to rapid loan processes and comprehensive service.