Overview

Lenders Protection™ is one of CUNA Mutual Group's newest innovations to help credit unions build their vehicle loan portfolios while still meeting the needs of new and current members better than ever!  Lenders Protection Insurance coverage is underwritten by CUMIS Insurance Society, Inc., a member of the CUNA Mutual Group.

In many credit unions vehicle loan growth has been relatively flat - dealer incentives, 0% financing, and concern about default risks - have all contributed. While you may not be able to control the competition, Lenders Protection can help you increase the number of vehicle loans you make to your near- and non-prime members while protecting you from the risk of default.

Advantages for your credit union:

• Approve and book more vehicle loans.
• Increase your lending profitability.
• Generate more fee income through increased cross-selling opportunities.
• Manage risk in lending to near- and non-prime borrowers.

Advantages for your members:

• Approve and book more vehicle loans.
• Deliver better interest rates to your members and credit union.

Take the next step: 

• Call your CUNA Mutual Sales Executive at 1-800-356-2644 to find out when Lenders Protection may become available to your credit union.