CUNA Mutual Alliance Addresses Lending Risks
A new partnership between CUNA Mutual Group and WNC Insurance Services Inc. aims to deliver insurance solutions to help credit unions cover real estate lending risks.
Through WNC, CUNA Mutual will offer a mix of manufactured and brokered products for consumer auto and real estate lending risk protection. CUNA Mutual's Collateral Protection and Mortgage Security programs protect the collateral on credit unions' loan portfolios against uninsured exposures, according to the company.
The WNC partnership builds on CUNA Mutual's consumer auto and real estate alliance with State National Companies. WNC will also be the service provider for the expanded lender-placed and blanket real estate programs.