With premiums rising and some consumers letting coverage lapse, auto insurance is increasingly both a value add and a vital member service.
Recent data shows the cost of auto insurance has dramatically outpaced car prices in the last two decades.
From payments to claims processing and beyond, understanding your collateral protection insurance needs is crucial to selecting the right partner.
It has been shown repeatedly that the number of uninsured borrowers increases and losses grow larger when institutions move from CPI to a blanket policy.
Like water, the economy does not calm down immediately after a major disruption, and lenders must decide for themselves the best way to ride out the waves.
Insurance can be a cost-effective way for credit unions to boost the bottom line while helping members protect themselves, their families, and their assets.
Top-Level Takeaways CBC Federal Credit Union launched an insurance CUSO in August 2021 to provide members with money-saving options. As an added bonus, the CUSO also adds a new source of non-interest income. The CBC Insurance Agency has already surpassed its 100-policy milestone. The credit union now has plans to offer DMV registration services in-branch.
Retiring CLO stays on to lead the cooperative’s new emphasis on credit union service organizations, including its own.
The proper response will make a big impact but needs to be comprehensive and consider multiple risks.
A monthly collection of Callahan content that, together, addresses a single topic from a variety of perspectives.
The second day of the industry’s annual event included insights into how the regulator and Congress operate, as well as leadership lessons from a basketball legend.
The first full day of the Governmental Affairs Conference included a frank assessment of threats to the credit union tax status, news about the future of the NCUA, and more.
A substantial portion of the industry is built around serving federal government employees. With federal jobs potentially in jeopardy, credit unions are preparing diverse responses.
The Michigan cooperative is turning data-driven decision-making into the standard operating procedure.
Experts from across the industry discuss their biggest analytics wins, lessons learned, and strategies for smarter data use.
The Illinois-based credit union has used analytics, AI, and more old-fashioned methods to keep members and deepen relationships.
Diverse job titles and responsibilities are helping leading institutions leverage data to make better decisions.
Credit union across the country are ensuring local prosperity through initiatives that drive lasting economic impact.
Planning to attend GAC? Check out Callahan’s guide to some of DC’s best eateries, attractions, and more — all near the conference!
With premiums rising and some consumers letting coverage lapse, auto insurance is increasingly both a value add and a vital member service.