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Auto and home insurance programs are a proven way for credit unions to increase products per member, build non-interest income, and help members protect their investments in their home or vehicle.
But deciding to make the coverage available is just the first step. Equally—if not more—important is deciding how to structure the program.
CUNA Mutual Group recently worked with MarshBerry Inc., a provider of consulting services in the financial services industry, to learn more about the most common insurance delivery models used by credit unions and the pros and cons of each.