SAN ANTONIO — In gaining a "share-of-wallet" that can result in a win-win for the member and credit union, there are several options credit unions might consider.
That was the one of the messages shared at the CUNA Lending Council's annual conference.
"With shrinking margins, credit unions need to explore every avenue to generate income and there are options available to them," said Tom Keepers, director, product management, at CUNA Mutual Group. "One in particular that's a win-win for members and credit unions is loan protection. It's non-interest income that benefits the credit union and provides value to the member."
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