GreenProfit Solutions, Inc. today announced the release of a new eBook: The Ultimate Guide to Vehicle Service Contract Programs for Credit Unions. It exposes several “myths” about VSC: Effects on risk to both borrowers and the CU, the “real” member experience, and clears up an unfounded belief that VSC provides limited non-interest income.
“Too many people think VSC is a low-benefit product with high downsides, both for your credit union and membership” says Joseph Winn, President of GreenProfit Solutions, Inc. and the “Credit Union Geek” industry blogger/speaker. “Studies show 59% of consumers are unable to access $1000 without going into debt. VSC is a crucial part of your members’ financial safety nets. Programs exist that silence the “noise”, while helping CUs leverage 200-300% more income than previously thought possible.”
The Ultimate Guide to Vehicle Service Contract Programs includes these “How to's”:
- Give your members the best possible experience with operational tips
- Choose the right program for your institution and members with our step-by step guide
- Maximize income with new profit-sharing options
- See actual performance data from fellow credit unions
The Ultimate Guide to Vehicle Service Contracts is now available for download.