In previous articles, we discussed the 5 Steps to Protecting Members Using Your VSC program and also with GAP & Depreciation Coverage. Then we looked at how Payment Protection specifically is a tool for Financial Empowerment. Here, we will cover the 5 steps you can take to help borrowers by…
In this article, we will provide you with 5 essential steps you can use to better protect auto loan borrowers…and your institution! Have you read the short “introduction” article GAP & Depreciation Coverage: What Sets Them Apart? All set? Perfect. Here We Go! Before we start, just one question: Is…
Why offer VSC? Protect your members, right? By design, a Vehicle Service Contract helps: Protect your borrowers from the cost of unexpected mechanical breakdowns Protect your credit union from delinquencies and repossessions Generate a source of non-interest income for your credit union That’s a nice set of features to promote….
Beyond a Fad, Texting is a New Normal Did you get the message? We’re back again to talk text messaging and your financial institution. This time, we review the pros and cons, while uncovering texting’s many uses throughout your institution. 9 out of 10 consumers want to use text messaging…
GAP is a valuable and popular loan protection product. It helps reduce loan portfolio risk, while protecting auto loan borrowers. At the same time, it helps provide peace of mind. However, sloppy marketing and sales tactics can get you in some real trouble. And facing a hefty fine. Let’s make…