Why LegalFix Legal Insurance? Because Legal Problems are Financial Problems
Posted: October 24, 2024
If you're like most credit union executives, you're always looking for ways to add value to your members' lives.
Loyal members are less likely to move to a competitor, more likely to come to you first for loan products, and more likely to tell their friends about their membership experience.
According to a 2022 study, credit unions with the most loyal members had a 22% higher return on assets than the credit unions with low loyalty scores. They also had 17% higher net income per member, fewer charge-offs, and 80% higher membership growth.
But with so many credit unions offering similar membership benefits, it’s hard to stand out.
And because you value your members and understand how important their loyalty is, you want to offer them benefits that don’t just sound good but make a real difference. Not surprisingly, the perks members value most are the ones that save them money.
LegalFix is exactly that kind of money-saving, low-cost, high-impact investment in your credit union’s loyalty program.
Your members already trust you to help them manage their finances—and with LegalFix you can help them protect their legal rights as well.
LegalFix is a new legal insurance product designed for Main Street Americans—who are the least likely to have access to a lawyer when they need one the most. High costs and uncertainty about where to get started in finding a lawyer means they expose themselves, their families, and their finances to unnecessary risks.
Of course, all your members need wills, trusts, advance directives, transfer on death deeds, and powers of attorney to be prepared for life’s unexpected changes. LegalFix makes all these documents pain-free and inexpensive.
In fact, a lawyer’s advice and preparation of these documents alone would cost your members more than an entire year of LegalFix services.
But your members need a lawyer at other times as well. Disputes with creditors, neighbors, landlords, and HOAs put your members at a disadvantage unless they have a lawyer on their side. And unfortunately, family law disputes—and even criminal charges—can arise when least expected.
With LegalFix as one of your membership perks, your members will have peace of mind knowing they can access most of the legal advice they’ll ever need at no additional cost.
And if a situation isn’t completely covered by their LegalFix plan, they’ll get a 25% discount off their attorney’s standard hourly rate simply by being a member of your credit union.
The law firms providing LegalFix services are hand-picked for their reputations and customer service. Your members will be treated like valuable clients—not just someone with an occasional legal need.
We built LegalFix to provide comprehensive legal support beyond wills, trusts, and prenuptial agreements. We cover almost every personal legal issue your members could face. And all for less than a dollar per member per day.
Adding LegalFix to your membership benefits shows your members you care about their entire well-being, not just their financial health. And in return, you’ll get more loyal, satisfied members who stay with you for the long haul.
Does prompt access to legal services from a local law firm sound like a benefit your members would find valuable?
If so—and to learn more about how LegalFix can integrate seamlessly into your membership benefits, give your members the legal protection they need, and help distinguish you from the competition—contact us at legalplans@legalfix.com