“You’re Special to Us” Credit Union Series [Videos]

Videos on Desktop - You're Special

Digital Transformation. You know, that thing far off in the future…right? Industry experts spent years trying to inspire action. Some listened. Others were slower to act. Of course, “the best time to plant a tree was 20 years ago. The second best time is now.” (That might be a Chinese…

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Keeping Auto Loan LTVs Accurate With Monroney Labels

Chevy Volt Monroney Label Window Sticker

What’s a sticker got to do with your loan portfolio? A lot, if it’s the right sticker. You know the one. The ubiquitous piece of new car design, always visible on that passenger window. It even has a name: Monroney labels Did you know it was named after a U.S….

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VSI or CPI: Which is Best for Your Financial Institution?

Balance Scale

Editor’s Note: Vendor’s Single Interest and Collateral Protection Insurance are both really long terms. For brevity, we’ll be referring to them as VSI and CPI throughout the article, except in certain headers. Plus, VSI is also known as Lender’s Single Interest, or LSI. We’ll use them interchangeably. So many acronyms,…

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What is Collateral Protection Insurance (CPI)?

Umbrella Protecting Money

Got Uninsured Collateral? Here’s Your Solution. Hey, you booked an auto loan! That’s wonderful. I bet your financial institution requires insurance on this asset. And your loan agreement states it must be secured and maintained for the life of the loan, right? Why? Because the car is also the collateral….

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