How Digital-Ready Is Your Financial Institution? Physical branches have value, for some. Pre-COVID-19, 65% of people visited a local branch once a month…or less. 1 in 3 only went a few times per year. Now? Your members expect the app and branch to be equally capable. And friendly. And fast….
Your Borrowers Love Value. What makes something valuable? Judging by the definition, you must deliver “relative worth, merit, or importance”. Everything you offer has value, obviously. So how to convince your borrowers? Marketing team, batter up! It’s time to build “perceived value”. What’s perceived as being more valuable…is. What does…
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…
