On the road of life, we all face obstacles. Some we can avoid with careful planning, and others are outside of our control. In your personal life, minimizing catastrophe may involve wearing a seat belt [...]
As I mentioned at the end of my last article, I’m going to discuss the unique economics of a collateral protection insurance (CPI) program, including who pays and who benefits. It’s really unparalleled [...]
As I have said in past articles, when it comes to dealing with borrowers who can’t or won’t comply with the terms of their auto loan agreement, collateral protection insurance (CPI) might just [...]
Your auto portfolio is key to your credit union, and you watch its performance carefully. You underwrite prudently and put measures in place, such as collateral protection insurance (CPI), to safeguard against loss due to [...]
“Have it your way” is a fine approach to selling hamburgers, but not for providing auto loans. It’s true that you need to deliver members the fast, fair, and friendly service they expect and [...]
When we initially tell our Collateral Protection Insurance (CPI) clients that although an effective CPI program is a critical risk management tool, there are other options that can accomplish their goals without putting their borrowers [...]
