Does Indirect Lending Have a Future?

Foggy Country Road with Trees

When did your credit union launch its indirect auto lending program? Many large institutions began theirs in the 1990s. They weren’t without challenges. The sector experienced only moderate growth until 2012, when a major shift occurred. Major bank lenders, after suffering losses exaggerated by the impacts of the Great Recession,…

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GAP Claims & Sales Tax: Challenges for Borrowers and Institution

Sales Tax Road Sign

Keep GAP simple. In a total loss, GAP helps pay the difference between the primary insurer’s settlement and any outstanding loan balance. Insurers normally pay the Actual Cash Value (ACV) or Fair Market Value (FMV) of the vehicle the moment just prior to the incident. There, done. Why does this…

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What are the Costs of Value-Added Checking?

Clay Figure Among Money Signs

Ok, so that’s not what you meant. Fair enough. It’s a great question which raises many others. A Subscription Checking program (another name for Value-Added Checking) is more than the monthly rate you decide to charge. Let’s dive in together to help you learn about the costs of Subscription (Value-Added)…

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