SAN FRANCISCO, Sept. 2, 2025 /PRNewswire/ — In a continued effort to modernize the lending experience for credit unions and their members, Clutch (WithClutch, Inc.) and TruStage™ announce the launch of Protection Products: Plan Selection, a breakthrough upgrade to Clutch’s digital application platform that automates plan selection, eligibility filtering, and pricing for GAP and Debt Protection/Credit Insurance.
This enhancement builds on the foundation of the Interest Experience and Provisional Quote released earlier last year and marks a major step forward in delivering a fully self-serve, compliant, and efficient loan protection process online.
Using Clutch’s Protection Products: Plan Selection, applicants applying for a personal loan, auto loan or credit card via a credit union are now able to:
- View live protection options: Eligible plan variations for GAP and Debt Protection/Credit Insurance are fetched in real time from the TruStage Product API, ensuring accurate pricing and compliance-aligned disclosures.
- Understand eligibility instantly: The experience dynamically filters plans based on borrower profile, age, employment status, and other factors, ensuring applicants only see relevant offers.
- Select coverage on the spot: Members can choose protection plans – including who to cover, such as co-applicants – within the same session as their loan application, without requiring a follow-up call.
“This launch reflects our ongoing commitment to driving digital transformation in the credit union ecosystem,” said Corrin Maier, Vice President of Lending Payment Protection at TruStage. “By embedding real-time product selection and automated eligibility into Clutch’s intuitive lending flow, we’re enabling credit unions to serve their members faster, more accurately, and with greater confidence.”
“Manual follow-up has long been a barrier to protection product adoption,” said Tamanna Kottwani, Head of Product at Clutch. “This new capability removes that bottleneck, allowing credit unions to improve attach rates and accelerate funding – all while reducing back-office workload.”
Key benefits of Plan Selection include:
- Instant Quotes: Applicants see pricing per plan and per borrower instantly, directly from the TruStage API.
- Audit-Ready Tracking: Disclosures are logged, and applicant selections flow directly into the LOS, providing full visibility for underwriting and compliance.
- Faster Closings: If loan terms and amounts are unchanged, staff can proceed without additional outreach, dramatically reducing time-to-funding and increasing attach rates.
“This release brings us closer to our long-term vision of a seamless, fully self-serve digital lending experience,” said Nicholas Hinrichsen, CEO and Co-Founder of Clutch. “We’re proud to expand our partnership with TruStage™ and empower credit unions with the tools they need to drive member value and operational efficiency.”
For media more information or to activate the feature for your credit union, please contact: [email protected]
About Clutch:
Clutch is a FinTech company that partners with credit unions to modernize their operations by providing digital solutions that enhance loan origination and deposit account onboarding. Clutch’s platform offers seamless, secure experiences for both members and employees, increasing operational efficiency, cross-selling opportunities, and overall customer satisfaction. Since its founding in 2020, Clutch has expanded its suite of services, including digital loan applications and deposit account openings, while helping credit unions grow their portfolios. With over $10 billion in consumer loans funded and deposits raised, Clutch continues to drive innovation in the financial sector. withclutch.com
About TruStage™:
TruStage™ is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit trustage.com.
For media inquiries, contact: [email protected]
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SOURCE WithClutch
