Why Selling Is Essential to Protect Members

Mand and Woman in Conference Room Talking

Between inflation, inventory shortages and ridiculous vehicle pricing, it’s a tough time to buy a car. It’s not much better owning one. For the majority still without EVs, fuel prices are straining budgets. And what happens if your car breaks down or is totaled in an accident? Thank goodness credit…

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Sub & Near Prime Auto Lending: Mission-Focused & Responsible

Car Sitting on Coins with Percent

You know the terms. Most simply, they mean a borrower is seen as a higher risk and qualifies for a higher interest rate on their loan. Of course, either classification is based on their FICO or other bureau credit scores, which paint only a partial picture of a financial situation….

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Does Indirect Lending Fit Your Mission in 2022?

Tree of Hands and Truck

Seems like a strange question, right? It’s a thing you do. It’s a thing lots of financial institutions do. Millions of auto loans go through indirect channels each year. So what’s the issue? We’re not sure the concept fits your community-focused mission. At its simplest, you’re just another lender on…

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How Payment Protection is Financial Empowerment

Family with Arms Outstretched

What’s the point of your lending program? Yes, it’s a real question. Is it to make enough money from interest to subsidize other institution programs? Maybe it’s to empower people to make purchases they couldn’t do on their own. In reality, you know it’s a combination. While profits might not…

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How Your Loan Protection Products Drive Financial Empowerment

Couple Sitting In Hatchback Drinking Coffee

As a community-based financial institution, your primary goal is to create better lives for your membership. Reducing stress and struggle with finances is the most effective way to do so. Thus, financial empowerment. This is part of a category of articles looking at ways your institution can empower members through…

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