Create new revenue streams for your credit union to ensure continuous growth.
Accidental Death & Dismemberment
Generate new revenue and build member loyalty for your credit union by offering Accidental Death and Dismemberment (AD&D) insurance coverage to your members as a complimentary “thank you” offering.
Credit Insurance offers members the financial protection they need to help pay off or reduce their loans in the event of a covered death. With very few administrative duties involved, Credit Life Insurance is the perfect way for your credit union to earn additional income while securing your risks.
Debt Protection & Involuntary Unemployment
All the benefits of Credit Insurance – with greater program flexibility. Like Credit Insurance, Debt Protection helps protect credit union members when specific events impact their ability to repay loan obligations. It safeguards lending institutions from costly charge-offs, delinquencies and collections. It also produces an important source of fee-based income for participating credit unions.
Guaranteed Asset Protection (GAP)
The GAP (Guaranteed Asset Protection) program provides comprehensive coverage for members and the credit union. It helps your members bridge the “gap” between the amount they owe on the loan and the amount the automobile insurance company pays if their vehicle becomes totaled or stolen. It also helps the credit union protect its auto loans from the risks of deficiency balances after total loss and to earn more non-interest income.
Indirect Lending Solutions
Through our partners, CU Insurance Solutions provides a number of comprehensive indirect lending partner program options tailored to each credit union’s specific needs. Indirect automotive lending partner programs and integrates technology-based solutions that will make loan approvals faster, more accurate and virtually paperless. These solutions lower costs and better serve the consumer. With state-of-the-art technology, experienced call center support and loan processing services, these partnerships offer user-friendly, value-added solutions for every phase of the indirect auto lending process.
Loyalty Checking Solutions
Loyalty Checking programs are a great way to drive profitable behaviors among your members using a variety of tools including points, rewards, incentives and enhancements.
Loyalty Checking programs can provide:
- Improved member satisfaction and awareness
- Greater tenured member relationships
- Heightened frequency of member interaction
- More cross-sell opportunities and positive exposure
- Reduced operating/marketing expenses
- Significant incremental fee income
- Increased member acquisition capabilities
Pet Health Insurance
From the expected to the unexpected, pet health insurance can help your members to rest easy knowing that they do not have to make a choice between their pet’s health and their finances.
Vehicle Service Contracts
With the cost of vehicle repairs at an all-time high, and the credit union member savings rate at an all-time low, it is more important than ever to help your members to budget for auto repairs. Our partners provide a best-in-class vehicle service contract programs to protect the financial wellbeing of both your credit union and your members.
Vehicle Return Plans (VRP)
Vehicle Return Plans help the member to return a financed vehicle should they experience a qualifying life event that affects their ability to repay their vehicle loan. These plans, in turn, help credit unions to protect their auto loan portfolio, mitigate risk and reduce charge-offs due to delinquency.