|
Overview
Equipment repairs can break your budget unless you're protected with Equipment Maintenance Insurance (EMI). This single policy pays for repairs on a wide range of financial and office equipment.
EMI can provide initial cost savings of 15% to 20% when compared to individual service contracts. In addition, your credit union will receive consultation on service options and other cost containment measures.
Most types of financial and office equipment commonly found in credit unions are eligible for coverage. Examples include: alarm systems, ATMs, drive-ups, coin sorters, computers, monitors, printers, safes, switchboards, typewriters and vault doors.
EMI is available to you through Systems Insurance of America (SIA), part of the CUNA Mutual Group, and underwritten by CUMIS Insurance Society, Inc. SIA serves more than 400 credit unions.
Advantages for your credit union:
- Cost Control - Most credit unions will experience a cost savings.
- Inventory Control - Repairs are documented for you in a vendor payment summary.
- Convenience - One policy, instead of multiple service contracts.
- Freedom - You're free to choose which maintenance vendors you use and change at any time.
|
"It has saved us more than $10,000 a year since we began consolidating our service agreements under one policy. Now we know exactly what we pay in premiums, and have a better record-keeping system for what’s spent on repairs. EMI is an excellent tool for any credit union that wishes to reduce and control its equipment maintenance expenses.” Mary Isaacs, Chief Financial Officer, Altra Federal Credit Union
“We have incurred significant savings and the burden of constant contract renewals and negotiations has been eliminated. The coverage provided has been just as advertised and billings are promptly paid. In addition, anytime we have concerns or issues regarding coverage, they are addressed in a very timely manner and to our satisfaction.” Virginia Williams, President and CEO, Jersey Shore Federal Credit Union
|
Take the next step :
- Contact SIA today at 1-800-257-0777.
- Use this EMI Savings Analysis Checklist
 (66 KB) to identify office equipment that qualifies for EMI, and to receive a no-obligation Savings Analysis.
This summary highlights the major coverage features. This summary is not a contract. No coverage is provided by this summary, nor does it replace any provision of any agreement/policy. Please read the actual agreement/policy for coverage, terms, conditions and exclusions. The Credit Union Bond, Special Insurance Package, Credit Union Package of Protection, and Equipment Maintenance Insurance programs are underwritten by CUMIS Insurance Society, Inc., a member of the CUNA Mutual Group.
|
