Lending & Payment Protection Calculations
CUNA Mutual Group's Payment Protection Solutions include debt protection, credit life and credit disability insurance. Two different calculations related to payment protection take place in credit union systems:
- At time of loan origination – payments, interest and other charges are calculated and forecasted for borrowers
- Monthly – insurance premiums are calculated and posted to the borrower's loan balance
To enable your systems to provide accurate and compliant calculations, we offer the programming specifications and software (or Calculation Engine) you will need to be successful.
- RateEdit Utility
- For editing the "DPKey" and "PlanDesc" or removing plans no longer needed (e.g. plans on phase out). Click on icon to download tool and instructions.
Visit our Contacts page to submit a question or request more information.