Why Your Credit Union Should Offer Financial Counseling for Your Members

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Providing expert financial counseling for the members of your credit union is a positive step toward helping them to make practical and appropriate decisions when choosing indirect auto lending and other loan arrangements in our area. Your guidance and support is essential to ensure the financial well-being of your members. Studies have shown that up to 66 percent of all Americans lack fundamental financial literacy. Implementing some basic counseling services will provide the support your credit union members need to achieve greater control over their finances.

Budgeting and Saving

Providing some basic educational tools for your members is important to allow them to save an adequate amount of money for emergencies and establish a budget plan that works for their needs. These services are ideal for members who may be looking forward to buying a home, acquiring a new vehicle or starting a family. By instituting a financial counseling program at your credit union, your members will enjoy the benefits of professional support for achieving these goals.

Loans and Credit

Along with your indirect auto lending services and other loans, your credit union should offer advice and recommendations on how to manage credit arrangements to achieve the highest benefits and to minimize the downside of these loans and lines of credit. Learning how to balance the benefits and obligations of credit cards, personal loans and other indirect lending arrangements will help your members to make effective use of these funding sources. Debt management counseling will also provide added support for your members and may serve to resolve outstanding issues with excessive debt and too many obligations in the financial marketplace.

Home Buying

For most people, purchasing a home is one of the most important investments of a lifetime. The right counseling and recommendations will make a major difference in the ability of your credit union members to access the mortgage solutions they need to make their dream of home ownership a reality. This may inspire greater loyalty and increased satisfaction with the services provided by your credit union for your valued members.

At CUAC, we are committed to providing you with the right credit union indirect auto lending solutions to expand your loan portfolio and to increase point-of-sale acquisition of new members. We work with credit unions across the U.S. to streamline the process of partnering with auto dealerships in your local area. Adding indirect auto lending to your lineup of services will provide added convenience for your members and increased financial liquidity for your organization. Call CUAC today at 866-970-2822 to discuss your options with us. We look forward to the chance to serve you.

Why Your Credit Union Should Offer Financial Counseling for Your Members
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