Innovative Solutions...Exceptional ServiceTM
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.
Credit Union Bond Insurance
Allied Solutions has established itself as a premier provider of Credit Union Bond and Property & Casualty Packages of coverage. We are in our 10th year of service, handling over $40,000,000 in claims over the last 9 years. Our longevity in this specialty market place is a result of a high level of underwriting and claims experience provided by our Bond Division. Our employees have an average of over 25 years experience in the financial institution bond market. As an independent agent we offer credit unions the ability to select from different insurance carriers. This process creates a competitive environment amongst the insurance carriers which normally leads to very competitive pricing and coverages.
Allied also has a strong reputation in the area of risk management services and training. Some of our services include on-site risk reviews, scam alerts, directors and officers liability training, bondability, check fraud training, robbery training and risk alert newsletters. In a market which demands longevity, reliability, trustworthiness, and superior service, Allied has made its mark in the Credit Union Bond industry. Download brochure.
If an account with this service becomes overdrawn, a check may still be paid rather than returned (subject to the terms and conditions of the credit union). The 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.
Creditor Placed Insurance (CPI)
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.
Guaranteed Asset Protection (GAP)
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.
Mechanical Breakdown Protection (MBP)
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.
Interactive Marketing Platform: iSolutions
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.
Auto Refinance Loan Generation and Production: rateGenius
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.
- Overdraft protection can be implemented at your credit union in 45-60 days with no license fee or implementation cost and as an added bonus, there is a 10% program discount for all NAFCU credit unions.
- Allied Solutions offers 50% off the first year's cost of title tracking services for NAFCU member credit unions enrolling in CPI.
- Protection against financial loss resulting from GAP. Releases borrower from early termination debt liability. No unexpected out-of-pocket expenditures.
- MBP costs hundreds of dollars less than plans offered by auto dealerships. Extensive coverage with a choice of a $0, $25, or $50 deductible. Extra benefits such as rental car reimbursement, tire coverage, lost key and towing services.
NAFCU Member-only Benefits
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.