GAP & Depreciation Coverage: What Sets Them Apart?

Egg Carton One White Egg

You’re all about protecting members. Whether it’s through ensuring they have a low-rate and forgiving credit card or a secure savings account, their success is your goal. Just like you help them towards financial empowerment, loan protection is another important strategy. In this article, we will identify and explain the…

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“You’re Special to Us” Credit Union Series [Videos]

Videos on Desktop - You're Special

Digital Transformation. You know, that thing far off in the future…right? Industry experts spent years trying to inspire action. Some listened. Others were slower to act. Of course, “the best time to plant a tree was 20 years ago. The second best time is now.” (That might be a Chinese…

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Depreciation Coverage: Pros, Cons, & Considerations

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What’s All This About Protecting Against Depreciation? This probably isn’t the first time you’re hearing that term. Depreciation coverage is making inroads within the auto lending sector. Naturally, you’re looking for some quality info on it. What is it? Should our institution offer? What are the pros and cons of…

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What is Depreciation Coverage? (Definition, Benefits, & Getting Started)

Chalkboard with Depreciation Coverage

Your financial institution checks all the boxes: Reducing risk, protecting borrowers and generating non-interest income. With a suite of services, every possible scenario has an offering to match: Full comprehensive auto insurance (or force-placed CPI) Payment Protection GAP Vehicle Service Contract Seems like you’ve covered it all. Except…what about protecting…

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