Insurance Archives

How to manage the spike in uninsured collateral risk

How to manage the spike in uninsured collateral risk

It’s no secret that economic turbulence is impacting both borrowers’ financial lives and credit unions’ portfolios. A perfect storm has been brewing since 2020, and it’s the convergence of historically high vehicle values, [...]

Real estate investors face rising insurance costs in 2023

Real estate investors face rising insurance costs in 2023

With inflation reaching its highest point in 40 years and subsequent steep interest rate hikes, the real estate investment insurance landscape has changed significantly this year. For one thing, insurance costs are rising. Two Main [...]

Closing the gap on life insurance purchases

Closing the gap on life insurance purchases

Life insurance can play a vital role in your members' financial well-being but often there is a growing gap between the life insurance a member needs and the life insurance they own. What can you [...]

Key attributes of an outstanding GAP provider

Key attributes of an outstanding GAP provider

Your borrowers expect a wide range of valuable services that are timely and relevant in today's economy. For example, Guaranteed Asset Protection (GAP) coverage gives them a safety net if their vehicles are ever totaled [...]

Why insurance may help you feel better

Why insurance may help you feel better

Just imagining a scenario in which you can’t pay your bills is stressful. Now imagine how stressful it would be if you really can’t pay a bill. One’s mental health could be [...]

Your members are worried about their finances

Your members are worried about their finances

Your members are worried about their financial well-being—and who can blame them? This past year alone, COVID continued to wreak havoc, inflation reached a four-decade high[1], and recession has been a looming threat. [...]

Stay connected to the credit union community with our free newsletter!

Delivered to the inboxes of thousands of credit union leaders daily.

You have Successfully Subscribed!