A different way of attracting new members and small businesses,
promote local business development, and expand your loan portfolio is
with a lifestyle lending program. It is a type of indirect lending that
allows you to be at the point of sale for other financing opportunities
other than just automobile financing. Lifestyle loans support retailers,
medical providers, and businesses in your community by providing
financing to their patients and customers. Examples of these loans would
be for the cost of dental work, surgery (including bariatric, cosmetic,
and eye), adoption services or infertility treatments, remodeling
projects, large household purchases (such as water treatment systems,
heating and air conditioning, or spas), funeral expenses, jewelry, and
musical instruments. Developing strategic relationships with businesses
in your area can bring great value to your lending and deposit volume.
Listen in and find out!