
FOR IMMEDIATE RELEASE
WALKAWAY Announces
Distribution Agreement with SWBC
Program
drives credit union member retention and loan acquisition
With WALKAWAY® Protection for Automotive Financing,
participating credit unions can provide their members with a unique benefit,
offering protection against negative equity, allowing them to walk away from
their vehicle loan or lease in the event of life-changing circumstances. Qualifying events include involuntary
unemployment, loss of driver's license due to medical impairment, international
employment transfer, self-employed personal bankruptcy, and total vehicle
loss.
According to Mark Hein, CEO of the credit union division for SWBC,
“We are excited to have the opportunity to introduce such a ground breaking
product into this untapped market.
WALKAWAY positions us to help credit unions differentiate themselves,
increase loan volume, generate non-interest and fee income, and drive member
loyalty, acquisition, and retention.”
Participating credit unions offer, at no cost to the member, a
complimentary 12-Month Vehicle Return Program from WALKAWAY on every financed
or leased vehicle, regardless of the member’s age, health or employment
status. Members also have the option to
extend the complimentary program to full term coverage, up to 84 months, with
extended coverage levels such as Total Loss Protection. WALKAWAY is the only program available today
that allows members to “walk away” from their payment obligations in the event
of life-changing circumstances.
WALKAWAY
About WALKAWAY
WALKAWAY
www.walkawayusa.com/lenders or
call us at (866) 886-WALK (9255).
About SWBC
Headquartered
in San Antonio, Southwest Business Corporation (SWBC) is a diversified
financial services company providing a wide range of insurance, mortgage, and
investment services to financial institutions, businesses, and individuals.
With offices across the country, SWBC is committed to providing quality
products, outstanding service, and customized solutions. For more information,
visit SWBC’s web site at www.swbc.com.
Media Contacts
WALKAWAY
Laura
Krone
(972)
445-8341
Southwest
Business Corporation
Julie Ring
(210) 321-7304