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Mechanical Repair Coverage Resources

In 2011, credit unions earned a combined $4.1 million in fee income from the sale of Mechanical Repair Coverage to their members.*

*2011 CUNA Mutual Group Internal Finance Reports

Mechanical Repair testimonial

overview

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

  • Valuable because members typically hold on to their vehicles longer and have longer loan durations than in the past

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

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

Your credit union earns income from the sale of each MRC policy sold

features

Benefits that many 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 Companies of The Warranty Group, Inc. (TWG) and Virginia Surety Company, Inc., TWG’s own insurance company
  • 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
  • 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

MEMBER’S CHOICE® Mechanical Repair Coverage is administered by Consumer Program Administrators, Inc. in all states except AK and CA, where coverage is administered by Virginia Surety Company, Inc., in WA, where coverage is administered by Automotive Warranty Services, Inc., in FL, LA , OK and WI, where coverage is administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023) and in AZ, where the Obligor and Administrator is Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago Illinois 60604, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In those states where MEMBER’S CHOICE® Mechanical Repair Coverage is offered as insurance (form MCCU 001-MBI) it is underwritten by Virginia Surety Company, Inc.

MRC-0512-A2DE
06/01/12

Mechanical Repair Coverage Contact Us

Mechanical Repair Coverage Contact Us

Mechanical Repair Coverage Contact Us

800.356.2644 or email
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