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 [...]
As gas prices soar to record highs this summer, the automotive industry is getting a power surge from hybrid and electric vehicles (HEVs). Consumers seem to be getting on board with the federal government’s [...]
Indirect loans have become a common part of the modern lending landscape and while these products can be great for borrowers seeking the best rates and financial institutions hoping to expand their business, indirect lending [...]
Reboots of classic television shows and movies have been big business for the entertainment industry over the last five to 10 years. Seems like everything we’ve enjoyed from childhood on screen has been re-done [...]
As we enter into Q2 2022, the already strong used vehicle market is expected to heat up. Experts at Cox Automotive predict the coming months will be the strongest part of the year for vehicle [...]
We’ve all been there. The phone rings from an unlisted number. It’s not a number you know, but maybe it’s your new dentist calling to confirm an appointment. With hesitation, you answer. [...]
When adding new products to their portfolios, financial institutions have no shortage of providers to consider. A well-thought-out introduction and delivery of new products to your account holders and employees is essential to a smooth [...]
As times and vehicle purchase behavior change, the auto lending industry must adapt to stay competitive and successful. One of the newer challenges facing our industry these days is an increase in the speed of [...]
Change is not always easy, particularly for busy credit unions that are laser-focused on meeting their members’ daily needs. As an organization dedicated to meeting the changing financial needs of its membership, $518 million Heritage [...]
Meeting the changing financial needs of its membership is a mission that Heritage Federal Credit Union prioritizes. In a competitive auto lending market with industry-wide low interest rates and a strong field of competition, Heritage [...]
A sales and service culture is an environment in which everybody at a financial institution is motivated and well-equipped to present products to borrowers that benefit them on an individual level. The institution moves beyond [...]
When adding new products to their portfolios, financial institution executives have many issues to consider. A well-thought out introduction and delivery of new products to the customer is essential to a smooth rollout. This is [...]
It's no secret that auto loan yields are at low levels due to industry-wide low interest rates. According to the NCUA, the national average for a new vehicle loan with a 48-month term was 2.[...]
by: Ronni Martinez If you have a rock star team of loan officers, and I’m sure you do, chances are they are offering Guaranteed Asset Protection (GAP) to each one of your auto loan [...]
