Loan Participations: What Your Financial Institution Needs to Know

Lego Business Men with Wheelbarrows

Considering Loan Participations for your financial institution? Not sure what they even are? Want to learn the pros and cons? Curious about the process for setting them up? You’re in the right place. This article will give a basic introduction, review the possible perks and pitfalls, and cover what’s involved…

read more

Universal Bankers: 7 Pros & Cons (2022 Update)

iPhone and Piggy Bank

“Why train your employees to be great at apologizing when you can empower them to be great at solving problems?” Joe Winn There’s a New Banker in Town The age of the teller might be coming to an end. We’re not the only one to say it. According to Bureau…

read more

Credit Union Car Buying Services – Pros & Cons

Yes No Triangles

Car Shopping: Credit Union Members Do It That’s exceedingly obvious. Of course members shop for their cars! Only, where? If they’re anything like 95% of people, they go online. To car buying websites. And do those car buying services direct them to your credit union for loans? That’s a hard…

read more

Vehicle Service Contract Programs: Pros, Cons, & Finding the Best Fit

Contract Signing with Red Car in Background

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…

read more

Depreciation Coverage: Pros, Cons, & Considerations

Green and Orange Baskets with Zipper Between

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…

read more