Corelation24: How CapEd Already Benefiting from FINOFR Vehicle Protection Reset Product...

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Keith Kelly, CEO at FINOFR, brought a few guests with him to share how the tech firm's new Vehicle Protection Reset product is benefiting members and staff at CapEd Federal Credit Union.

According to Keith, Vehicle Protection Reset essentially lets an automobile buyer (credit union member) choose insurance and other vehicle protection offerings after the sale at the dealership -- instead of during purchase process when the buyer is anxious to start enjoying their new car. This product allows the buyer to choose those protection offerings post purchase, allowing him or her to make a smarter decision when thinking more clearly.

Keith and his FINOFR staff (Brittany Byrd, Client Services Manager, and Maddie Kelly, Client Business Development and Sales Manager) added at that Vehicle Protection Reset will allow credit unions to increase efficiencies for their loan staff, drive non-interest income, and expand their product offering. And all of this can be added into the loan -- after the fact -- and the loan can be adjusted from there through the credit union.

CapEd FCU's Business Analyst Manager Vien Phithak explained how the solution is working for her credit unions, sharing anecdotes and performance measures on how it's already making a difference in such a short time.

Check it out and let us know your thoughts. And be sure to check out more Studio Lounge interviews from Corelation's 13th Annual Hybrid Client Conference, as well as the hosts/sponsors who supported our conference coverage: Corelation, Inc.