6 April 2011
Who Are We?• Nation’s First and Only “Turn Key” solution  for Lifestyle Lending• Incorporated April 2007• Headquarters in ...
Our Objective"The goal of LLS is to create relationships that will help the credit union optimize profits, reduce costs, a...
Building For The Future
Lifestyle Lending•   What is it?•   Why do it?•   What is the current market?•   How does it work?
What is Lifestyle Lending?Lending for Member’s Lifestyles at the Point of Sale                RETAIL                MEDICAL
Retail•   Heating and Air    •   Water Softener•   Pianos             •   Furniture•   Hot Tubs           •   Pool Tables ...
Medical•   Cosmetic Surgery   •   Dental•   Dermatology        •   Veterinarian•   Hearing            •   Vision•   Infert...
Consider the Numbers• Over 12,000 - Applications Submitted•   Retail Is The Fastest Growing Group On Lifestyle Lending•   ...
Why Lifestyle Lending?   Get New Members - 93% New Members   High Yield Loans - 13.27% Avg Rate   Increase Profitabilit...
What is the Current Market?•   Credit Card•   Charge Provider 6-12% Amt Fin•   30% “Trap Door” Rate Hike•   Promotional Pr...
THE SOLUTION “Turn Key” Solution                    Automated Underwriting Full Provider Training And Support     Inst...
The Provider Interface              Online Web-Browser Based              Instant Decisions              Fast, Easy Dig...
Submit Loan ApplicationApplicant Receives Information                                 Online Submission         AT HOME   ...
Lender Decisions LoanProvider Receives Decision   Provider Prints/Signs Docs                                   (Auto Popul...
Loan Applications       Approval Rate         Avg Monthly Volume100%                       600                        5489...
Funding Reports              Avg Monthly Funded Amount                      Avg Monthly Funded Count$600,000.00           ...
Find a Provider• Offer exclusive discounts to CU members• Marketing for Providers• Research tool for members  – BBB, Disco...
See The Advantages               Payment Calculator               Separate Medical/Retail Pages               Provider Inf...
Lender Customization
How it Works1. LLS sends credit union custom link2. Credit Union places link on homepage   (Behind custom banner)
Everyone Benefits                             CU Member Chooses                             Find a Provider on CU         ...
How to Get Started• Contract Review and Signing• Implementation Meeting to Determine  parameters of YOUR Program• LLS Begi...
6 April 2011
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Introduction to Lifestyle Lending Solutions

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Introduction to Lifestyle Lending Solutions

  1. 1. 6 April 2011
  2. 2. Who Are We?• Nation’s First and Only “Turn Key” solution for Lifestyle Lending• Incorporated April 2007• Headquarters in Salt Lake City, UT• Comprised of Credit Union Indirect Lending Experts• CUSO
  3. 3. Our Objective"The goal of LLS is to create relationships that will help the credit union optimize profits, reduce costs, andincrease business associations with medical and retail providers within the community, this is what we do!" - Kirk Harris, Founder / CEO• Increase Profits• Produce New Membership Growth• Build New “Indirect” product through Business Services Channel.• Bring High Yield Loans
  4. 4. Building For The Future
  5. 5. Lifestyle Lending• What is it?• Why do it?• What is the current market?• How does it work?
  6. 6. What is Lifestyle Lending?Lending for Member’s Lifestyles at the Point of Sale RETAIL MEDICAL
  7. 7. Retail• Heating and Air • Water Softener• Pianos • Furniture• Hot Tubs • Pool Tables / Gaming• Home Improvement • Attorney Services • MORE
  8. 8. Medical• Cosmetic Surgery • Dental• Dermatology • Veterinarian• Hearing • Vision• Infertility • General Surgery • MORE
  9. 9. Consider the Numbers• Over 12,000 - Applications Submitted• Retail Is The Fastest Growing Group On Lifestyle Lending• 73% - Approval Rate for Water and HVAC providers• 718 - Average Funded Credit Score• $3,822 - Average Amount Funded• 663 - Average Credit Score Application Overall• Over $12 Million – Funded• 13.27% - Average Funded Interest Rate• Over 600 - Medical & Retail Providers Signed• A Cosmetic Dentist Has 2,000 Active Patients On Their Books – Are Any Of Them Your Members? Could They Be?• Less Than 1% - Delinquency (3.5 years reporting)
  10. 10. Why Lifestyle Lending? Get New Members - 93% New Members High Yield Loans - 13.27% Avg Rate Increase Profitability - Increase Profitability Natural Affinity to Repay - Under 1% Delinquency Build Business Services - Over $2 Million in Bus Loans Cross Sell Opportunities - Avg 3 loan products Integrate Into Community - Brand Awareness No Reserves or Flats Paid
  11. 11. What is the Current Market?• Credit Card• Charge Provider 6-12% Amt Fin• 30% “Trap Door” Rate Hike• Promotional Programs – 0% for 6 or 12 months – 90 Day “Same as Cash”
  12. 12. THE SOLUTION “Turn Key” Solution  Automated Underwriting Full Provider Training And Support  Instant Approvals Develop Provider Network  Integration To Most Core Systems Online Patient/ Client Portal  0% Financing Compatibility "Find A Provider" Program (Online)  E-signature, Docusign, and Fax Marketing Material For Provider Funding Full Retail And Medical Contracting  Fully Customizable Reports Loan Documents And Compliance  Cross Selling Functionality Quarterly Provider Surveys  SAS70 Secure Full Lender Consulting
  13. 13. The Provider Interface  Online Web-Browser Based  Instant Decisions  Fast, Easy Digital Signature  Auto-Populating Documents  Reports for Provider Management  “Link to Us” Banner for Website  Direct Application or Client Portal  Secure Instant Messaging with Lender
  14. 14. Submit Loan ApplicationApplicant Receives Information Online Submission AT HOME IN OFFICE (Patient Portal) (Provider Access) OR
  15. 15. Lender Decisions LoanProvider Receives Decision Provider Prints/Signs Docs (Auto Populated)
  16. 16. Loan Applications Approval Rate Avg Monthly Volume100% 600 54890%80% 50070% 400 36560%50% 30040%30% 20020% 100 10010% 0% 0 2008 2009 2010
  17. 17. Funding Reports Avg Monthly Funded Amount Avg Monthly Funded Count$600,000.00 160 144 $520,414.92 140$500,000.00 120$400,000.00 100 $280,894.99 78$300,000.00 80 60$200,000.00 40 $62,654.26 14$100,000.00 20 0 $0.00 2008 2009 2010 2008 Avg 2009 Avg 2010 Avg • Avg. Amount Financed $3,822
  18. 18. Find a Provider• Offer exclusive discounts to CU members• Marketing for Providers• Research tool for members – BBB, Discounts, Social Networking, Web Link• Online Application direct to the lender• Custom credit union page
  19. 19. See The Advantages Payment Calculator Separate Medical/Retail Pages Provider Information BBB Research Link Social Media Connections
  20. 20. Lender Customization
  21. 21. How it Works1. LLS sends credit union custom link2. Credit Union places link on homepage (Behind custom banner)
  22. 22. Everyone Benefits CU Member Chooses Find a Provider on CU Website Member ConductsProvider Finishes Loan Research, Prints Paperwork in Office Discounts Deals, orBack to Member’s CU Apply for Financing Directly Provider Connects with Member for Services
  23. 23. How to Get Started• Contract Review and Signing• Implementation Meeting to Determine parameters of YOUR Program• LLS Begins Targeting Provider Network• Train Staff/Business Services• Go “Live”
  24. 24. 6 April 2011
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