How credit unions can capitalize on #vanlife and the ?summer of the RV?

• Mar 11, 2023
• By David Hoffer

As Americans with cabin fever look for safe ways to travel during the pandemic, sales of recreational vehicles (RVs) are soaring by as much as 170% in some areas of the country. Drawn by the ease of social distancing in the outdoors, travelers see the many benefits of owning a second home on wheels, where they have significant control overexposure to COVID-19. In fact, approximately 46 million Americans plan to take an RV trip in the next 12 months, according to Ipsos Research. This trend points to twoopportunities for credit unions: the first and most obvious is the ability to provide financing for RV purchases. The second opportu...

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