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Mechanical Repair Coverage Resources

In 2008, 15% of credit unions applied a positive rate deviation to standard member pricing – and increased their non-interest income 102%on average.*

*CUNA Mutual Group, Data from Mechanical Repair Coverage Monthly Production Report (1/2008 - 10/2008).

Mechanical Repair testimonial

overview

Protects new and eligible used vehicles—even after the manufacturer’s warranty expires

  • Valuable because members hold on to their vehicles longer and have longer loan durations

Helps deliver peace of mind in an uncertain economy

  • Many members have little or no back-up savings
  • Helps members minimize the impact of unexpected repair bills

Helps improve your return on assets  (ROA)

  • Can prevent charge-offs, delinquencies, and repossessions
  • Pricing flexibility gives you the opportunity to earn income over and above the reimbursement*
  • Average increase of 102% for participating credit unions in 2008**

Helps you attract younger members

  • Additional incentive to purchase a car through your credit union
  • Critical given decreasing membership of those in prime borrowing years

* Not available in California, Alaska, Maryland, Maine, and Florida
** Of the credit unions who applied a positive rate deviation to standard member pricing

features

Benefits that other programs don’t offer

  • Add-on miles coverage for all vehicles—new and used
  • Rental coverage
  • Roadside assistance
  • Emergency travel reimbursement
  • Transferable coverage   

Integrated Web Calculator
Lets you:

  • Calculate coverage options
  • Compare warranty coverage offered by dealers

Backed with tools, documentation and training

  • Excellent staff support 
  • Includes face-to-face and online channels

Third-party processing center

  • Optimizes member service
  • Minimizes staff time commitment

Hassle-free claim processing

  • Provided by The Warranty Group --- one of the largest independent providers of warranty products
  • Helps build successful member relationships
  • Drives additional sales

details

  • Online Integrated Web Calculator to calculate coverage options, including comparisons to warranty coverage offered by dealers
  • Easy-to-use online tools and documentation with loanliner.com and LOANLINER® documents
  • Access to a third-party referral center that can process coverage for you
  • Hassle-free claim processing
  • Lending Resource Center: Exclusive online resource that houses important product information – from product basics and training to compliance best practices and product administration.

Mechanical Repair Coverage Related Products

Related Products content

The Mechanical Repair Coverage product is provided and administered by Consumer Program Administrators, Inc. and Automotive Warranty Services of Florida, Inc., Florida license #60023. In those states where MEMBER’S CHOICE Mechanical Repair Coverage is offered as an insurance product, it is underwritten by Virginia Surety Company, Inc., Chicago, Illinois.
B2BCUE-0409-2EA6 
5/28/09

Email Link

Mechanical Repair Coverage Contact Us

Mechanical Repair Coverage Contact Us

Mechanical Repair Coverage Contact Us

800.356.2644 or email
Improve your vehicle lending program  Refreshing Improve your vehicle lending program.

Guaranteed Asset Protection  helps cancel the gap between auto loan balance and primary insurance settlement if a vehicle is stolen or totaled.
GAP cross sell