Credit Union Protection Suite

Many credit unions put together their business protection portfolio from a variety of providers. They are not aware how this approach can result in risky gaps and inefficient overlaps, especially in the event of a complex loss.

In the event of a complex loss, CUNA Mutual Group’s Credit Union Protection Suite could mitigate the gaps and overlaps that exist when credit unions build a protection portfolio from multiple providers.

A Coordinated Approach

CUNA Mutual Group reviews all in force policies to identify the applicable coverages for a loss. If there are multiple applicable coverages, we coordinate how best to handle the claim. If litigation ensues, we have a great track record of winning 98% of our third-party cases tried for our customers.1

A Smoother Claims Process

CUNA Mutual Group encourages credit unions to submit all losses without requiring them to correctly identify the applicable coverage. We helped manage over 10,000 losses for 2,779 credit unions in the last year alone.2

A Suite of Policies and Protections

Specifically for Credit Unions CUNA Mutual Group is continually enhancing policies and services to align with your credit union’s changing risk environment based on its experience working with 82% of the credit union market.3

Beyond the event of a loss, CUNA Mutual Group’s Credit Union Protection Suite of policies and services supports the credit union’s risk management process to help reduce the risk of a loss event from happening.

Credit Union Protection Policies are continually reviewed and rewritten to protect credit unions from the latest emerging risks. Each credit union’s policy is written with the unique benefit of CUNA Mutual Group’s proprietary peer database of over 64,000 active credit union policies.4

Risk Management Services support the credit union’s risk management with insight. Using insight from 40 years of credit union claims data, and having conducted over 2,800 consultations in 2018 alone, CUNA Mutual Group’s risk management team can be relied on to help your credit union mitigate risk.5

Credit Union Protection Suite of Policies and Protection Services

Image depicting the credit union protection policies offered by CUNA Mutual Group’s Credit Union Protection Suite, as well as the types of Risk Management Services provided with those policies, supporting a credit union’s risk management process.

 

View text version of image.

  • Credit Union Protection Suite
  • Business Auto
  • Collateral Protection Auto
  • Collateral Protection Real Estate
  • Cybersecurity
  • Fidelity Bond
  • Management and Professional Liability
  • Plastic Card
  • Property and Business Liability
  • Workers' Compensation
Are you doing enough to manage hidden risks?

1,2,3,4,5 CUNA Mutual Group, Internal Data, 2018. CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Insurance products offered to financial institutions and their affiliates are underwritten by CUMIS Insurance Society, Inc. or CUMIS Specialty Insurance Company, members of the CUNA Mutual Group. Some coverages may not be available in all states. If a coverage is not available from one of our member companies, CUNA Mutual Insurance Agency, Inc., our insurance producer affiliate, may assist us in placing coverage with other insurance carriers in order to serve our customers’ needs. For example, the Workers’ Compensation Policy is underwritten by non-affiliated admitted carriers. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. This summary is not a contract and no coverage is provided by this publication, nor does it replace any provisions of any insurance policy or bond. Please read the actual policy for specific coverage, terms, conditions, and exclusions.
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