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Callahan Article Points to Protection Products as Means to Boost Income

WASHINGTON -- When looking for ways to increase noninterest income, Callahan and Associates suggested that credit unions look at loan protection products.

By Lindsey Siegriest | Updated on October 21, 2008

WASHINGTON — When looking for ways to increase noninterest income, Callahan and Associates suggested that credit unions look at loan protection products.

A recent article by Callahan, “Loan Protection Products a Critical Source of Noninterest Income While Helping Members,” by SCS Consulting President Pete Snyder said that with members more concerned about protecting their finances, credit insurance, debt protection coverage, mechanical breakdown insurance and guaranteed auto protection are products that can help ease the minds of members while increasing revenues and net income margins for the credit union.

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