Collateral Protection helps your credit union manage the risk of loss to your consumer and real estate loan portfolio resulting from damaged, uninsured collateral.  Our research confirms that most credit unions are looking to their CPI provider for sound protection, minimal member complaints, and relief from administrative/operational hassles. 

Protection:

Today we continue to set the standard in coverages and compliance - the foundation on which any program is built. We offer more coverages and more flexibility in packaging them to address specific exposures.  Our written Compliance Guarantee is the only one in the industry, and our state-specific guidelines address unique regulatory requirements.  Indirect segmentation means customizable tracking based on member segments by loan origination.

Member Communications:

Receiving a notice, let alone one that is not deserved can be disruptive to a member.  Now imagine what can happen if an insurance policy is placed on them unnecessarily.  Our one-of-a-kind features such as member/carrier Outbound Calling and 24x7 Call Center Hours are aimed directly at reducing the potential for member complaints associated with notices and false placements.

Administration:

CPI removes immense administrative and operational burdens associated with tracking member insurance.  But what about managing thousands of titles or recouping value on repossessed collateral?  To complement your collateral risk management approach, we've partnered with Systems & Services Technology, Inc. (SST), to bring you services like Title Administration, Vehicle Remarketing, Electronic Payments, and Full Outsource Servicing , which free you from having to manage critical components of your collateral risk. Learn more about our partnership with SST.