Does your credit union offer auto loans in California? Then read on, as this concerns you! California’s Governor signed two new bills into law in September of 2022 which have a large potential impact on the sale of GAP waivers at your credit union. These rules went into effect January…
What’s That Car (Going to Be) Worth?
Your credit union has a lot to consider when helping members get auto loans before looking at the car’s value – today or 4 years from now. Think about all that’s involved; it’s impressive you handle anything else! First, you help members find a competitive price on an available car….
5 Must-Do Steps to Protecting Your Members: GAP and Depreciation Coverage
In this article, we will provide you with 5 essential steps you can use to better protect auto loan borrowers…and your institution! Have you read the short “introduction” article GAP & Depreciation Coverage: What Sets Them Apart? All set? Perfect. Here We Go! Before we start, just one question: Is…
GAP & Depreciation Coverage: What Sets Them Apart?
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…
7 Red Flags For GAP You Need to Know
Your GAP program seems fine. Members buy it when financing. Claims get paid. What else is there to know? That’s what we thought, too. Then we saw some fluttering in the wind. Flags. Bright red ones. 7, in fact. This article will fly these 7 GAP Red Flags high for…