Features & Benefits
Increases non-interest income and improves member retention rates.
Decreases your portfolio’s exposure to loss in high LTV loans and longer terms.
Provides additional borrower value by providing coverage even when they reach a positive equity position.
– John Phipps, Chief Lending Officer for Heritage Federal Credit Union
What can PowerBuy do for your borrowers?
- Provides protection from loss of vehicle due to depreciation
- Covers against outstanding loan balance if primary insurance is inadequate
- Benefits are available throughout the life of the loan
- Coverages are available on many collateral types, including auto, motorcycles, travel trailers, watercrafts, and motor homes
Who We Are
PowerBuy is backed by SWBC, Security Service Federal Credit Union, and Shortfall Cover, LLC.