Growing Deposits Through Business Value-Added Checking In the last three years, the top three banks – Bank of America, JP Morgan Chase and Wells Fargo – took in nearly 50% of the new deposit accounts. The remaining 50% was split among savings and loans, credit unions, community banks, and fintechs. …
Is VSC Right For Your Credit Union? Vehicle Service Contract (VSC) programs. Extended warranties. Mechanical Breakdown insurance. Different names. Same class of protection. And commonly offered alongside auto loans, with the other mainstays of credit insurance and GAP coverage. So, is it worth it? For simplicity, we’re going to refer…
What’s All This About Protecting Against Depreciation? This probably isn’t the first time you’re hearing that term. Depreciation coverage is making inroads within the auto lending sector. Naturally, you’re looking for some quality info on it. What is it? Should our institution offer? What are the pros and cons of…
Your financial institution checks all the boxes: Reducing risk, protecting borrowers and generating non-interest income. With a suite of services, every possible scenario has an offering to match: Full comprehensive auto insurance (or force-placed CPI) Payment Protection GAP Vehicle Service Contract Seems like you’ve covered it all. Except…what about protecting…
The Sticky Duo: Free Checking & Bill Pay Your institution doesn’t just offer, it heavily promotes Free Checking. It’s done this for decades. Because that’s what you do, right? (At least until you see some convincing case studies supporting anything different!) In fact, under your team and your predecessor’s leadership,…
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