CPI or VSI…These Are Your Best Provider Options Does your institution love their CPI program? Maybe you’re all about blanket-coverage VSI. Either way, it has to be a great experience for all parties, while performing at or beyond expectations. If that’s not the case, it’s time to check out what…
Collateral Protection Insurance (CPI) is a valuable tool for financial institutions, protecting them against loss of a borrower’s collateral. “But Joe, the borrower has insurance for that situation. What’s CPI do, then?” Great question. While the loan terms require the borrower purchase and maintain physical damage insurance, do they always…
Got Uninsured Collateral? Here’s Your Solution. Hey, you booked an auto loan! That’s wonderful. I bet your financial institution requires insurance on this asset. And your loan agreement states it must be secured and maintained for the life of the loan, right? Why? Because the car is also the collateral….
Your CU is leaving money on the table! Why do you offer a range of insurance products? In our discussions with clients over the years, these are the normal answers: Offset CU risk Protect members Earn non-interest income Does this seem about right to you? In a classic situation, the…
Take your Guaranteed Asset Protection to New Levels Guaranteed Asset Protection (GAP) is simple! Right? It’s great at generating non-interest income and protecting your loan portfolio (along with your members). Yet keeping it all “above water” may not be as easy as you think. We put together 5 recommendations to…
