TruStage partners with van Wagenen to offer Collateral Protection Insurance (CPI) product

Madison, Wis. - Today, TruStage®, a financially strong insurance and financial services provider, announced it is launching a new Collateral Protection Insurance (CPI)-Auto Tracked product. The product, which is provided in partnership with van Wagenen, a financial services provider, helps protect vehicles financed through credit unions by monitoring physical damage insurance - both comprehensive and collision coverage - on a credit union's portfolio. CPI-Auto Tracked then adds physical damage insurance protection when it finds a member isn't insured.

"One in three U.S. drivers is uninsured or underinsured¹," says managing director of van Wagenen, Shawn Heinecke. "CPI-Auto helps protect your auto collateral and provides flexible options to meet the needs of credit unions and their members, leading to reduced administrative workload and costs, lower member noise, advanced commercial tracking capabilities, real-time reports and a simplified member experience."

"Both van Wagenen and TruStage have each committed more than nine decades to changing the way business is done and making brighter financial futures accessible to more people," says TruStage vice president, P&C Solutions, Susanna Goldberg. "TruStage is proud to partner with van Wagenen to bring this increasingly important coverage to credit unions."

With CPI-Auto Tracked, every function is closely monitored to ensure quality, consistency and a seamless experience. A dedicated customer service team and account manager work with credit unions, responding to member inquiries and emails. Reporting and Power BI dashboards are available in real time. There is no need to request data and wait days for information. The data is organized and designed to be easily accessible and convenient, freeing up time so your staff can focus on what really matters - your members.

Along with TruStage's Vendor Single Interest (VSI) and Blanket Auto, TruStage partners with van Wagenen for real estate Collateral Protection. Adding the CPI-Auto Tracked product provides a one-stop shop for a credit union's collateral needs.

About TruStage

TruStage is a financially strong insurance and financial services provider, built on the philosophy of people helping people, meeting the needs of middle-market consumers and the businesses that serve them since day one. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities and improving the lives of those we serve today, and tomorrow. For more information, visit https://www.trustage.com.

About van Wagenen

van Wagenen, a division of One80 Intermediaries, is an industry leader in collateral protection, with more than 90 years of experience. They provide products, services and insights designed to reduce costs, generate revenue and mitigate risks. Whether your portfolio includes automobile loans, leases, residential mortgages or commercial loans, their full range of custom, technology-driven solutions provides comprehensive coverage to support you. For more information, visit https://www.vanwagenen.com.