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How Are Credit Unions Doing Managing Uninsured Collateral Losses?
The uninsured driver crisis is creating catastrophic exposure for credit union auto portfolios across America.
In the latest episode of the Members First Mindset podcast, hosts Dan Daggett, Chief Strategy Officer at Credit Unions First, and Melanie Munsey, CEO, Credit Unions First speak with Scott Eckerty, President of HUB Financial Services, who brings 33 years of experience helping credit unions manage insurance risks.
They reveal the shocking reality that 35.7 million Americans drive without insurance due to affordability issues, while credit unions face $40,000-$75,000 total loss claims on performing loans when borrowers drop coverage. They expose the "teaser pricing" problem plaguing the insurance industry and show how transparent, collaborative partnerships protect credit union portfolios through monthly stewardship and member education.
Need transparent insurance partnerships that prioritize your members? Contact Hub Financial Services at HubFinServices.com to learn how their collaborative approach protects credit union portfolios.
Want to keep more, earn more, and serve better? Discover how Credit Unions First helps credit unions build stronger, more profitable communities at creditunionsfirst.org.
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By Credit Unions FirstThe uninsured driver crisis is creating catastrophic exposure for credit union auto portfolios across America.
In the latest episode of the Members First Mindset podcast, hosts Dan Daggett, Chief Strategy Officer at Credit Unions First, and Melanie Munsey, CEO, Credit Unions First speak with Scott Eckerty, President of HUB Financial Services, who brings 33 years of experience helping credit unions manage insurance risks.
They reveal the shocking reality that 35.7 million Americans drive without insurance due to affordability issues, while credit unions face $40,000-$75,000 total loss claims on performing loans when borrowers drop coverage. They expose the "teaser pricing" problem plaguing the insurance industry and show how transparent, collaborative partnerships protect credit union portfolios through monthly stewardship and member education.
Need transparent insurance partnerships that prioritize your members? Contact Hub Financial Services at HubFinServices.com to learn how their collaborative approach protects credit union portfolios.
Want to keep more, earn more, and serve better? Discover how Credit Unions First helps credit unions build stronger, more profitable communities at creditunionsfirst.org.