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CPI, blanket or self-insurance: Which is better for your credit union?

Every financial institution has unique insurance needs. It is important to take a holistic approach when exploring risk mitigation options. The key questions to ask yourself when deciding on how to manage risk in your loan portfolio are:

  • How much risk can you tolerate versus how much do you want to transfer?
  • What are your goals and objectives?
  • What do you expect in return?


Can a lender skip the trouble of finding a collateral protection insurance provider and simply self-insure its auto loans? Yes, but similar to not wearing a seatbelt while driving, doing so increases the risk of unfavorable financial outcomes.

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