Your members have a variety of lending options available to them. There is more competition for credit unions than ever before. To provide top-notch lending service to your members, you need a business partner that provides the peace-of-mind that comes with expert support. Compliance is not something you should have to worry about. Focus your valuable resources on building relationships with your members and let us handle your document compliance needs.

            CUNA Mutual Group’s LOANLINER is an integrated documentation system designed to help credit unions meet their members’ borrowing needs.  LOANLINER’s compliance experts have helped credit unions successfully manage their lending programs for over 25 years.  Currently, more than 70% of all credit unions employ LOANLINER to support their consumer lending efforts and more than 80% of credit unions offering home equity loans use it as part of their program.

            LOANLINER’s success speaks to its applicability and ease of use, but the program can also be used strategically to help credit unions succeed in today’s increasingly competitive lending environment. Relationships per member (RPM) is an important metric measuring the “stickiness” of a member to your credit union. The more product relationships a member has with your credit union, the less likely they are to leave. One example of how LOANLINER helps you grow strong relationships is through open-ended lending, which gives members the ability to initiate a new loan event at a future date without having to revisit the credit union or having to complete another loan application, making borrowing much easier.

            Open-ended LOANLINER documents are integrated with CUNA Mutual’s payment protection products such as credit insurance and debt cancellation. These products protect members and their families against the financial burden of paying a loan if the covered member dies or becomes disabled. In addition to providing valuable protection for your members, your credit union may receive expense reimbursement or fee income related to offering payment protection products.

 LOANLINER offers credit unions a diverse portfolio of compliance documents that include consumer lending and deposit, business lending and deposit, home equity, and credit cards. To learn more about the compliance expertise LOANLINER can bring to your credit union, go to www.loanliner.com or contact your CUNA Mutual Sales Executive at 1-800-356-2644.

 

Payment Protection solutions include credit insurance and debt cancellation. Some of the MEMBER'S CHOICE protection solutions are insurance products available through CUNA Mutual Insurance Society. Others are debt cancellation products available through the credit union.

 

© CUNA Mutual Group 2007.  Used with permission.

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