CUNA Mutual Group's new web based
resource offers a transparent look at how bond providers price
coverage, make adjustments and pay claims. It also provides a look at
the insurance-buying patterns of peer credit unions.
Talk program has one goal – to provide credit unions with
a transparent look into the credit union protection division," said Chad
Nitschke, CUNA Mutual Vice President of Commercial Products.
"Credit unions are going through perhaps the
most difficult period in their history," Nitschke added. "We realize our
customers don't always agree with some of our decisions, but our intent
is to make decisions that are in the best interests of all our
collective policy owners."
The site features "You be the Judge," which
demonstrates the fine line between insurable and uninsurable risks.
After reading a scenario with talking points that influence decisions to
approve or deny a claim, readers can cast their vote and then learn the
The Watercooler – CUNA Mutual product leaders and risk
managers will present articles, ideas, trends and data designed to help
credit unions remain financially secure.
Board.edu – The feature contains a series of short, focused
question and answer videos to help credit union board members get
information on risks relevant to their credit union's success and their
personal liability. The videos are less than 10 minutes and can be
viewed individually, making them ideal for board meetings.
Peer Data – This tool allows credit unions to see what credit
unions in their peer group are purchasing, and outlines limit and
deductible levels for 13 different coverages.
Risk Management Services – This section features updates on
new and emerging risks, including access to risk alerts, white papers,
webinars, online assessments, and a link to "Meet Your Risk
Straight Talk is based on customer input. A
group of 10 credit union policy owners nationwide that make up CUNA
Mutual's Credit Union Protection Advisory Panel not only tested and
validated the concept, but two of the features, Peer Data and Board.edu,
were original ideas from the group.