Loan Protection

  • Wealth Protection

    Help Protect Your Loan. Help Preserve Your Standard of Living.

    Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens. You’re betting you can pay back your loan and you won’t lose your job (through no fault of your own), or become disabled (due to injury or illness), or pass away, which could leave your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.

    Help play it safe.

    Wealth Protection is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements help ease the enrollment process.

    Protection that matters.

    If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Wealth Protection will cancel or waive your loan payment(s), up to the contract maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

    Protected events include:

    • Loss of life, including those caused by acts of war
    • Disability, including those caused by acts of war
    • Involuntary unemployment

    Your purchase of Wealth Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Wealth Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

    © CUNA Mutual Group 2014, All Rights Reserved.

  • Guaranteed Asset Protection

    Protect your investment with Guaranteed Asset Protection (GAP Advantage)

    Even the best insurance may not cover the entire amount you owe on an auto loan. In fact, if the average new car owner has his or her vehicle stolen or damaged beyond repair, they could still owe thousands of dollars after the insurance settlement.

    Pennies a day makes up that difference

    GAP Advantage* makes up the difference between what insurance covers and the amount you owe in most cases. So, instead of paying off a substantial loan balance before you can even think about shopping for a new vehicle, you could be free and clear.

    As an added benefit, GAP Advantage will help you get back on the road more quickly by providing a $1,000 allowance to finance a replacement vehicle with us.

    GAP Advantage is available for new and used:

    • Automobiles
    • Light trucks and SUVs
    • Motorcycles
    • Travel trailers
    • Watercraft
    • Motorhomes

    Talk to us about GAP Advantage today!

    *GAP Advantage is considered insurance coverage in some states.

    Your purchase of GAP Advantage is optional. Whether or not you purchase GAP will not affect your application for credit or the terms of any existing credit agreement you have with the credit union. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP. You should carefully read the contract for a full explanation of the terms.

    Skipped or missed payments, late charges, refundable service warranty contracts, other insurance-related products, and interest charged after the date of loss will be deducted from the GAP settlement.

    GAP Advantage provided by SWBC. © 2014. All rights reserved. Administered by Southwest Business Corporation (SWBC) License #2870.

  • Major Mechanical Protection

    As time goes on, the likelihood of mechanical failure on your vehicle is inevitable. With Major Mechanical Protection (MMP), you can protect yourself against the expense of future costly repairs.

    The best time to invest in a mechanical repair program is when you first buy your vehicle. So before you commit to any other program, compare it to our MMP. We believe you will find this plan to be a value-packed winner!

    MMP Extends the Life of Your Budget

    The total cost of MMP is often far less than the cost of a single repair. Experts agree it makes financial sense to keep your vehicle as long as possible. MMP makes it affordable. Pay for MMP once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.

    Plans are available for most new and used domestic and imported vehicles. For maximum value, consider adding MMP when you purchase a new or used vehicle.

    MMP* Highlights Include:

    • Accepted at most licensed repair facilities in the U.S. and Canada
    • Affordable, and can usually be added to your loan
    • Coverage that meet your driving habits
    • Fully transferable
    • Adds resale value to your vehicle
    • 24-hour roadside assistance
    • Rental car reimbursement
    • Trip interruption reimbursement
    • Lost key, lockout, and emergency tire repair
    • Choice of deductible reduces or eliminates out-of-pocket expense

    Talk with us about MMP today.

    *Coverages vary and may not be available depending on the provider.

    The purchase of MMP is voluntary and cannot be required as a condition of the loan. This information is not a contract/policy and the contents are limited. It only provides a general summary of available plan options. Be sure to read your specific contract/policy, as all benefits are subject to the terms and conditions of that contract/policy.

    Major Mechanical Protection is considered insurance in some states.

    MMP provided by SWBC. © 2014. All rights reserved. Administered by Southwest Business Corporation (SWBC) License #0516221.

  • Auto & Home Insurance

    TruStage® Auto & Home Insurance Program

    Designed for credit union members like you, the TruStage Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

    Get your free quote today or call (855) 483-2149.

    TruStage® Auto and Home Insurance program is offered by TruStage Insurance Agency, LLC and issued by leading insurance companies. Discounts are not available in all states and discounts vary by state. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by your credit union. © TruStage Insurance Agency 2017

    AHE, AHL-1339661.2