Take your Guaranteed Asset Protection to New Levels Guaranteed Asset Protection (GAP) is simple! Right? It’s great at generating non-interest income and protecting your loan portfolio (along with your members). Yet keeping it all “above water” may not be as easy as you think. We put together 5 recommendations to…
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 Depreciation Protection? This probably isn’t the first time you’re hearing that term. Depreciation Protection 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 Depreciation…
Protecting Your Borrowers With Depreciation Protection That’s wonderful you are considering Depreciation Protection for your auto loan borrowers. As with any other product search, part of the challenge is finding reputable providers, then assessing their fit with your institution. Did you end up here before learning the ins-and-outs of Depreciation…
