Hear from credit union risk experts Ann Davidson, VP of Risk Consulting at Allied Solutions and Tammy Behnke, Credit Union Program Executive at ProSight Specialty Insurance about proper methods of authentication and identification for your credit union.
Allied Solutions has provided innovative, value-added products and services to financial institutions and their members for 27 years. As the NAFCU Services Preferred Partner for Bond, Impact Overdraft, Creditor Placed Insurance (CPI), Guaranteed Asset Protection (GAP) and Mechanical Breakdown Protection (MBP), we strive to consistently give our clients a competitive advantage, by using cutting edge technology, training support and a level of superior service that is unsurpassed.
For over 15 years, Allied Solutions has been selling and underwriting customizable bond solutions to keep our credit union clients more protected from unexpected risks. Our credit union bond offerings include Fidelity Bond, Cyber Liability coverages, Management & Professional Liability coverages, and Property and Casualty coverages. As an independent agent we offer credit unions the ability to select from a variety of different insurance carriers. This process creates a competitive environment amongst the insurance carriers which leads to very competitive pricing and coverages. Our longevity in this specialty marketplace, and the high level of know-how provided by our employees who have an average of over 30 years of experience working with credit union bond, has granted us the business of more than 800 clients nationwide. As a result, so far we have saved our credit union clients nearly $48 million in insurance premiums. Allied has a strong reputation in the area of risk management services and training, as well. The risk services include on-site risk reviews, directors and officers liability training, bondability searches, check fraud training, robbery training, expert-written risk alert emails, and risk mitigation video trainings. In a market which demands longevity, reliability, trustworthiness, and superior service, Allied has made its mark in the Credit Union Bond industry. Download brochure.
The insurance program combined with our technologically advanced, state-of-the-art tracking system UNITRAC, is the most comprehensive solution available for managing the risk associated with auto and other collateralized loans. Both the system and the insurance program are customized to meet your specific needs. Download brochure.
Coverage available for new/used private passenger autos and light duty non-commercial trucks (available on other types of collateral as well). Coverage is provided throughout the loan term, not to exceed 84 months. Pays the difference between the loan payoff and ACV of the vehicle in the event of total loss, plus up to $1,000 primary carrier deductible in the event of total loss. Coverage for up to 60 days following repossession, and coverage for delinquent payments.
Our program covers authorized repairs anywhere in the U.S. and Canada. Borrowers have a choice of deductibles, and can rely on fast claims service and instant authorization for repairs via toll-free telephone numbers. Our underwriter pays the repair facility directly, so your borrower simply pays a deductible at the time of service.
iSolutions is the credit union industry's leading interactive marketing platform, leveraging superior content and analytics into personalized member services that increase loan volume, portfolio yield, and fee revenue. The platforms allows credit unions to seamlessly synchronize marketing across email, mobile, social media, outbound calling, and print channels. Learn more.
RateGenius helps credit unions expand their membership, without adding staff. Credit unions gain access to a new loan channel providing quality refinance and recapture loan applicants with no upfront cost. The turnkey process allows credit unions to stay in control of the applications they wish to pursue while RateGenius handles the marketing and fulfillment. Learn more.
CPI - 50% discount off the cost of title tracking service for first year; Allied Solutions donates money to charity in the credit union's name for every GAP and Mechanical Breakdown policy.
In this webcast, participants will learn the basics to creating
a revenue blueprint for growth. These basics include finding new members,
increasing product portfolios, and better knowing your members.
What Would You Pay for a Member Referral? From a practical prospective you need to be considerate of three things:
How much money would you be willing to spend to acquire a member?
What is your average lifetime member value?
What formula do you use to compute lifetime member value?
Consumers are driving the need for innovation in financial institutions.
Smart mobile devices, higher consumer expectations, and the lack of
loyalty to a brand are all major considerations. Financial institutions
need to endear themselves to consumers and leverage these five key
This webinar explores how to grow your members' relationship portfolio. Your goal should be more than five products per member. How do you grow your member portfolio to make this goal a reality?
It is not surprising that fraud in the workplace increases during an economic crisis or recession and small businesses (including large and small credit unions) may be vulnerable. In this blog post, learn ways to prevent fraud at your credit union.
How many times have you purchased a lending solution, and then realized that it was going to be more expensive to integrate with your core system and other components than it cost in the first place? Have you ever wished that your core system and document management, indirect lending, credit rating, title search, credit card, collateral evaluation, home equity loan, compliance and insurance tracking systems – just to name a few – all played nice in the same sandbox? Read more of this NAFCU Services Blog post.
Credit unions have a “watchdog” looking out for their interests, overseeing operations and ensuring their records are maintained with honesty and integrity: the supervisory committee. The committee has a host of tools at its disposal to carry out its purpose. Among them is an annual audit of the credit union. Read more of this NAFCU Services Blog post.
Often the coverage a credit union thinks it has is not its actual coverage and this becomes apparent when a claim is made. So what is not covered in the bond? Patrick Touhey of Allied Solutions helps credit unions understand the self-insured exposures in their bond contracts.
Recent amendments in Regulation E, the regulation which carries out the requirements of the Electronic Funds Transfer Act, will significantly change the existing overdraft protection program at your credit union. It's critical to understand these changes, build a sound strategy to serve and educate your members, and preserve or even enhance your current levels of NSF income. This educational webinar, Strategizing for the New Reg E Overdraft Protection Requirements, is presented by Gerald Witcher, National Product Manager for Overdraft Protection at Allied Solutions.
Peg Reinking, senior vice president, loan servicing products division at Allied Solutions, is featured as a guest columnist in NAFCU's March/April 2010 issue of The Federal Credit Union Magazine to explain key success factors for credit union CPI programs in 2010.
Check out a new tool from Allied Solutions that automates the sometimes daunting process of re-calculating borrower loan payments when Creditor Placed Insurance (CPI) policies change. Credit unions can see staff time savings of up to 75 percent with much greater accuracy versus a manual, labor-intensive process that is often prone to miscalculation. John Harcourt, 2nd Vice President, presents.
The second in a two part webcast series, Patrick Touhey of Allied Solutions highlights check fraud prevention and detection measures. Discover strategies and tactics credit unions can use to prevent check fraud.
Allied Solutions is a premier provider of Credit Union Bond and Property & Casualty Packages of coverage. It has a strong reputation in the area of risk management services and training. Services include on-site risk reviews, scam alerts, directors and officers liability training, bondability, check fraud training, robbery training and risk alert newsletters.
If an account with overdraft becomes overdrawn, a check may still be paid rather than returned (subject to the terms and conditions of the credit union). A standard NSF fee is still charged by the credit union for each check presented in excess of the account balance, however the member and the merchant are spared the embarrassment, inconvenience and additional costs imposed by checks returned, compared to accounts without the service. Overdraft protection can dramatically increase your current NSF revenue on average 75-100 percent. Gerald Witcher of Allied Solutions explains the basics of an overdraft offering.
If an account with overdraft becomes overdrawn, a check may still be paid rather than returned (subject to the terms and conditions of the credit union). A standard NSF fee is still charged by the credit union for each check presented in excess of the account balance, however the member and the merchant are spared the embarrassment, inconvenience and additional costs imposed by checks returned, compared to accounts without the service. Overdraft protection can dramatically increase your current NSF revenue on average 75-100 percent. Gerald Witcher of Allied Solutions shows credit unions how to turbocharge an existing overdraft program.
Allied Solutions is a premier provider of Credit Union Bond and Property & Casualty Packages of coverage. It has a strong reputation in the area of risk management services and training. Services include on-site risk reviews, scam alerts, directors and officers liability training, bondability, check fraud training, robbery training and risk alert newsletters. Allen Stendahl examines best practices for managing the risk of robbery.
View All Educational Resources
Carmel, IN – October 8, 2014 – Allied Solutions, provider of products and services to financial institutions, today announced it will offer SmartVideo technology, powered by SundaySky, to all its credit union clients. In the financial services marketplace, consumers have many options, making the need to invest in technology solutions even greater in order to differentiate from competitors, and retain loyal customers. With personalized videos tailored to each individual, members are engaged in a way that traditional print and electronic communications simply cannot.
WASHINGTON - NAFCU Services Corporation (www.nafcu.org/nafcuservices) and Allied Solutions (www.nafcu.org/Allied), the NAFCU Services Preferred Partner for overdraft protection, today announced that their recent popular webinar, "Strategizing for the New Reg E Overdraft Protection Requirements," is now available.
WASHINGTON - NAFCU Services Corporation (www.nafcu.org/nafcuservices) recently introduced a free webcast focused on a new tool from Allied that automates the sometimes daunting process of re-calculating borrower loan payments when Creditor Placed Insurance (CPI) policies change.
WASHINGTON - NAFCU Services Corporation (www.nafcu.org/nafcuservices) today released a free webcast with its Preferred Partner, Allied Solutions, on check fraud. The webcast is the first in a two-part series designed to educate credit unions on identifying instances of and decreasing losses from check fraud.
WASHINGTON — NAFCU Services Corporation announced today that Allied Solutions, LLC Specialty Lines & Bond Division has become a Preferred Partner for Bond and Related Insurance Solutions.
Melissa Eldredge800-826-9384, ext 10466http://firstname.lastname@example.org