Premium Protection, One Month at a Time: The SMP Advantage

About the Podcast

Tune in to the CU Lab Podcast with Allied Solutions for a deep dive into the Single Monthly Premium landscape. Featuring industry professionals Cindy Bryant and John DeLuccia, this episode explores how credit unions can address the challenges posed by market conditions.

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Key Takeaways:

  • [1:05] How we can help uninsured CU members stay in their cars.
  • [2:48] How can SMP help with problems like delinquencies and charge-offs?
  • [4:12] Cindy highlights the cost-effectiveness of the SMP program, offering affordable coverage options for CU members.
  • [6:14] John emphasizes the low-risk nature of the SMP program, contrasting it with the higher risks associated with blanket and self-insurance options.
  • [7:56] What is the biggest difference between the SMP program and traditional insurance models?
  • [10:16] The SMP program is adaptable, aiming to ensure members can maintain their vehicles.
  • [12:32] The benefits of the insurance monitoring component of the program.
  • [14:17] Cindy emphasizes the added benefits of monitoring, including access to vital information for lenders.

Presented By

Cindy Bryant
Cindy Bryant

SVP of Client Sales and Service   | Allied Solutions

Cindy Bryant, SVP of Client Sales and Service at Allied Solutions, brings an impressive 36-year track record of empowering financial institutions to navigate their distinctive business challenges. Her expertise encompasses a wide array of specialized offerings, including vehicle and mortgage portfolio coverage solutions, insurance exposure monitoring solutions, collections services, and a comprehensive suite of risk management-related products and services. Her consultative approach and dedicated focus make her an invaluable asset to the financial industry market.

John DeLuccia
John DeLuccia

CPI Sales Specialist  | Allied Solutions

John DeLuccia, a CPI Sales Specialist at Allied Solutions, is a seasoned financial services professional renowned for his innovative client acquisition and retention strategies. With a proven track record, John excels in cultivating trust-based, strategic relationships that consistently surpass corporate objectives and elevate client satisfaction. His entrepreneurial approach, marked by unwavering honesty and integrity, is a driving force behind his success in the industry.

Allied Solutions
Allied Solutions is the NAFCU Services Preferred Partner for Insurance- Bond, Creditor Placed (CPI), Guaranteed Asset Protection (GAP), Mechanical Breakdown Protection (MBP), and REFUND Plus®.

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