Monthly Archives: July 2016

ACA Update – Opt-Out Payments

As you know, under the ACA employees who have access to ‘affordable’ health insurance from their employer are not eligible for subsidies, and large employers (50+ FTEs) must offer affordable coverage.  This year (2016), affordable means that the employee’s portion of individual health insurance premiums is less than 9.66% of their household income; in 2017… Read more »

Member Products: The Key to Loan Portfolio Sustainability and Growth

Perhaps one of the greatest opportunities that credit unions have to sustain and grow non-interest income today exists with offering ancillary loan protection programs to members. Products like GAP, Vehicle Service Contracts, and Credit Life & Disability insurance help credit unions increase non-interest income, protect members when life interferes with their ability to repay loan… Read more »

Trust Tips – GAP to the Rescue

A recent real-life GAP claim from one of our credit union clients. Make: Ford Model: F-150 Year: 2006 Mileage: Wicked High (a Maine pick-up truck!) Financed Amount: $18,300 NADA value: $16,075 The truck was totaled just 2 months after it was financed.   The Bad News  The members auto insurance company assessed the value of the… Read more »

Insurance Trust Supports America’s Credit Union Museum Legacy Campaign

America’s Credit Union Museum, located in Manchester New Hampshire, is currently more than two years into their three-year legacy campaign with the goal of raising $3.3 million dollars by 2017.  Insurance Trust held its semi-annual lending school at the museum this spring with guest speaker Brett Christensen for staff and management from 27 credit unions… Read more »