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….
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…
Digital transformation. It’s not a new idea. Industry leaders have been predicting its onset and pointing the way for years. Our own Credit Union Geek has articles going back to 2014 explaining why and how. Our company blog suggested the idea in 2012. In fact, one of our founders built…
Protecting Your Borrowers With Depreciation Coverage Considering Depreciation Coverage for your auto loan borrowers? Great. As with any other product search, part of the challenge is finding reputable providers, then assessing their fit with your institution. Did you end up here before learning the ins-and-outs of Depreciation coverage? No problem!…
What is Depreciation Coverage? A Review. The “everyone can understand” version: Depreciation coverage covers part or all of the loss in value of your car from depreciation in the event of it getting totaled. Here’s the more detailed and “jargon-y” description: Depreciation coverage is an insurance-backed product protecting both the…
