Loan Advantage is Genisys Credit Union’s Open-End lending program. The open-end lending plan consolidates loan accounts, such as auto loans, boat loans, RV’s and other consumer loans, under one umbrella. When compared to closed-end lending, an open-end plan reduces paperwork and makes borrowing faster, easier, and more convenient. You establish an open-end plan by completing and signing an application, loan agreement, and payment protection. After that, you can take advances quickly and easily. It speeds loan approvals, eases payment protection enrollment, reduces paperwork, and overall streamlines the entire lending processes.