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. Our Objective
"The goal of LLS is to create relationships that will help the credit union optimize profits, reduce costs, and
increase 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
5. Lifestyle Lending
• What is it?
• Why do it?
• What is the current market?
• How does it work?
6. What is Lifestyle Lending?
Lending for Member’s Lifestyles at the Point of Sale
RETAIL
MEDICAL
7. Retail
• Heating and Air • Water Softener
• Pianos • Furniture
• Hot Tubs • Pool Tables / Gaming
• Home Improvement • Attorney Services
• MORE
8. Medical
• Cosmetic Surgery • Dental
• Dermatology • Veterinarian
• Hearing • Vision
• Infertility • General Surgery
• MORE
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. 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. 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. 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. 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
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. See The Advantages
Payment Calculator
Separate Medical/Retail Pages
Provider Information
BBB Research Link
Social Media Connections
21. How it Works
1. LLS sends credit union custom link
2. Credit Union places link on homepage
(Behind custom banner)
22. Everyone Benefits
CU Member Chooses
Find a Provider on CU
Website
Member Conducts
Provider Finishes Loan Research, Prints
Paperwork in Office Discounts Deals, or
Back to Member’s CU Apply for Financing
Directly
Provider Connects with
Member for Services
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”