ISI October 2025 Newsletter 🎃

Upcoming Industry Events

October 13-16

GoWest MAXX - Portland, OR

October 14-17

SHIFT Lending & Collections Conference - Kansas City, MO

October 15-17

APEX 2025 - Uncasville, CT

October 22-24

CCUCC Annual Conference - Reno, NV

October 27-29

SECUREN Fall Conference - Charlotte, NC

October 27-29

MAC 2025 - Ft. Lauderdale, FL

October 27-30

REACH 2025 - Palm Desert, CA

Industry News

The Fed Just Cut Interest Rates - How Much Cheaper Credit Cards, Auto Loans, and Mortgages Could Get

The Federal Reserve cut interest rates by 25 basis points on Sept. 17, lowering the federal funds rate to 4–4.25%, its first cut of 2025 after two years of high borrowing costs aimed at curbing inflation. The move comes as inflation remains above target at 2.9% while job growth weakens, prompting the Fed to balance price stability with labor market concerns amid pressure from President Trump for deeper cuts.

The quarter-point cut will bring modest savings:

Credit cards: Small reductions in interest within a few billing cycles.
Auto loans: About $4 a month less on a $35,000, 5-year loan.
HELOCs: Payments on a $50,000 balance drop by around $10 during the draw period.
Adjustable-rate mortgages: New ARM offers could reflect cuts quickly, lowering future payments.

Markets expect up to two more cuts by year-end if inflation stays under control and economic data supports it.

Read Full Article

cnbc.com

It's Still Cheaper to Buy a New Home in the US Than an Existing One

Existing home sales fell 0.2% in August, while new home sales jumped 20.5%, driven by lower prices and builder incentives that made new homes cheaper than existing ones in recent months. The median price for new homes was $413,500, compared with $422,600 for existing homes, marking a rare reversal in typical pricing trends.

Despite declining mortgage rates and shrinking inventory, affordability challenges remain, and builders are becoming more cautious with price cuts. Falling homebuilding permits suggest that future construction activity may slow, which could limit sales growth in the coming months.

Read Full Article

newsweek.com

What Others Are Saying About ISI

"ISI provides a service that keeps us in compliance and works diligently to ensure that the credit union is protects. The staff is always friendly, helpful, and professional."

Signet Federal Credit Union

See what other Raving Fans are saying about ISI!

Celebrating Milestone Anniversaries This Month

We are thankful for our lender partners, who are essential to our continued success! Listed below are those celebrating milestone anniversaries with ISI this month!

Celebrating 5 Years

First Lincoln Federal Credit Union

Horizon Credit Union

Integrity Federal Credit Union

Data/Industry Trends

Subprime Auto Loan Repossessions and Charge Offs at Record Levels

Below Prime auto loan stress keeps worsening in 2025, with delinquencies, repossessions, and losses hitting record highs each month. July 2025 saw Below Prime delinquency up 5% year-over-year and 25% above pre-pandemic levels, with repossessions up 68% from July 2024. Most repossessions (84%) involve Below Prime borrowers, while Prime loans remain relatively stable.

Read Full Article

cucollector.com

Homeowners Insurance Premium Increases Threaten Customer Loyalty, Long-Term Profitability

Nearly half (47%) of U.S. homeowners insurance customers saw premium increases in the past year, the highest in over a decade, driving lower trust and more customers shopping for alternatives, especially among high-value policyholders. The J.D. Power 2025 U.S. Home Insurance Study shows proactive communication about rate hikes can significantly improve satisfaction, while Amica ranks highest for both homeowners and renters insurance.

Read Full Article

jdpower.com

October Holidays, Fun Facts, and Folklore!

October brings crisp air, golden leaves, and cozy vibes. Let's get into the fall mood as autumn comes into full swing! Learn why this month is called October, which holidays to look out for, what to do in the garden and what to bake in the kitchen.

Everything you need to know about October

almanac.com

September Highlights

We’ve been busy hitting the road and loving every minute of it! From chapter meetings in Louisville, KY, East Tennessee, and Columbia, SC, to golf tournaments in Charlotte (Piedmont Chapter Charity Golf Tournament) and Chattanooga (TVFCU Golf Classic), we’ve had the chance to meet and connect with so many incredible people while learning from others in the credit union industry.

Piedmont Chapter of Credit Unions 32nd Annual Charity Golf Tournament

Knoxville Area Chapter of Credit Unions September Meeting

Tennessee Valley FCU 29th Annual Golf Classic

Stay Ahead This Season

As the seasons change, so do borrower circumstances, and October is the perfect time to get ahead!

Seasonal changes, including falling leaves, early frosts, and increased storm activity, can increase the risk of damage to collateral. By identifying gaps in coverage now, you help protect your borrowers from unexpected financial burdens and reduce the risk to your institution. Taking a little extra time this month to verify policies, update contact information, and ensure timely notices are sent can prevent costly claims and improve overall portfolio health.

A simple check now can prevent bigger headaches later, ensuring both your borrowers and your financial institution stay protected through the colder months ahead.

President

ISI

tmaccurdy@isicpi.com

704-957-5024

Connect with Us:

Contact Info:

Phone: 800-749-5440

Email: management@isicpi.com

Website: insurancesystemsincorporated.com

ISI is an administrator of Collateral Protection Insurance (CPI) and Blanket Lenders Single Interest (BLSI) for financial institutions. We provide insurance, lending, and marketing products to the financial institution marketplace. Our mission is to deliver the best products and services in the industry through responsive service, comprehensive coverage, and advanced technology. We combine the lender's vision and our proven plan to create a portfolio that matches the lender's needs for a successful program and partnership.