Way.com and Connects Federal Credit Union Enhance Member Offerings
Way.com, a prominent name in car services, has recently teamed up with Connects Federal Credit Union to provide a unique advantage for auto loan members. This new partnership incorporates Way+ membership into the credit union's auto loan products, particularly focusing on those loans with GAP insurance policies. By doing so, every Connects FCU auto loan not only offers funding for vehicle purchases but also enhances savings potential for members.
The Way+ membership provides a multitude of benefits that enrich the automotive experience, ushering in exclusive savings that members can utilize. These benefits include:
Exclusive Savings Through Way+
Members will enjoy:
- Savings on parking and car washes
- Fuel rewards for electric vehicle charging and gas
- Cashback on repairs and maintenance services
This membership goes beyond just financial support; it also advocates for vehicle protection. Members can gain access to a variety of essential protection services, including:
- Glass breakage coverage
- Tire protection
- Roadside assistance
- Additional vehicle protection add-ons
Impact of the Collaboration
Initial data shows that this collaboration has resulted in a considerable uptick in accessory and add-on revenue per auto loan, with figures suggesting a 15% increase. Such growth is attributed to the attractive car savings and protection options accompanying each loan.
Adam Hardt, VP of Way+ Member Services at Way.com, expressed that the aim of Way+ is to enrich the auto ownership journey for members, making it not only smarter but also rewarding and convenient. He emphasized how this partnership with Connects Federal Credit Union is paving the way for a seamless auto loan experience enriched with additional benefits from Way+.
James McBride, CEO of Connects Federal Credit Union, remarked that the significant cumulative value of such a partnership is evident. By integrating Way+ with the GAP insurance policy on every auto loan, members can effortlessly access exclusive savings and comprehensive protection services, aiding both the credit union and its members.
This initiative highlights Way.com's dedication to driving innovation in the auto loan sector, with the goal of increasing member engagement and enhancing revenue derived from both savings and protection services related to automobile ownership.
About Way.com
Way.com is a leading technology-enabled service platform specializing in auto ownership solutions trusted by millions across the nation. As the foremost provider in this field, Way.com facilitates an efficient, high-quality experience for both consumers and businesses, offering optimal rates and cashback options. Their mission is to deliver exceptional peace of mind for consumers in every aspect of vehicle ownership.
The company collaborates with a diverse range of industries, including financial institutions, automotive services, and various service sectors, to foster new revenue streams and expand market access while ensuring exceptional value for all parties involved.
About Connects Federal Credit Union
Connects Federal Credit Union is an innovative financial institution that prioritizes member satisfaction through a variety of products and services. With their auto loan offerings integrated with Way.com, Connects CU successfully enhances its members' experience while generating additional revenue streams.
Frequently Asked Questions
What is Way.com?
Way.com is a leading platform that offers technology-driven services for car ownership, providing unique savings and protection benefits to users.
How does the Way+ membership benefit auto loan members?
Way+ provides members with exclusive savings on vehicle-related expenses, such as parking, fuel rewards, and cashback on repairs, as well as valuable protection services.
What recent developments have occurred due to the partnership?
The partnership has led to a 15% increase in accessory and add-on revenue for auto loans offered through Connects Federal Credit Union.
Why is GAP insurance important in this context?
GAP insurance helps protect members from potential financial loss in the event of a total loss of their vehicle, offering peace of mind alongside the Way+ membership benefits.
Who can benefit from Way.com's services?
Way.com's services are beneficial to a wide range of individuals, including vehicle owners, credit union members, and businesses looking to streamline their auto-related services.
