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…
Welcome to the age-old challenge of credit unions: Maintaining suitable performance while providing quality and low-cost services to your membership, especially those most economically vulnerable. Mission or Revenue. Hold up, OR? ¿Por qué no los dos? Mission AND Revenue! Together, we’ll uncover products which build revenues while advancing your credit…
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….
Between inflation, rising rates, and steep 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 strain budgets. And what happens if your car breaks down or is totaled in an accident? Thank goodness credit union…
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…
