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Insurance Center

Share Deposit Insurance
The shares in your credit union are insured by the National Credit Union Share Insurance Fund (NCUSIF). This fund is managed by the National Credit Union Administration (NCUA), an independent agency of the United States Government. Share accounts are insured to at least $250,000.
Credit Life Insurance
This optional life insurance coverage reduces or pays off your eligible loan balance should you die before paying off your loan. Coverage is available on an individual or joint basis, up to a maximum benefit of $40,000.
Credit Disability Insurance
This optional disability insurance is available to eligible borrowers. Upon eligibility, monthly benefits will be paid to the credit union on the member's behalf in an equal amount to the monthly loan payment, up to a maximum of $750 per month.
GAP and GAP Plus (Guaranteed Asset Protection):
If your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, your auto insurance may only cover the replacement value. You will still be responsible for the difference in the insurance settlement and the loan amount. This could be costly. GAP is designed to ‘fill the gap‘ should such an event occur. And, should you choose GAP Plus, we will cancel the first $1,000.00 due for a replacement vehicle under our new Financial Agreement.

For more information on any of these, contact us.

Your purchase of MEMBER’S CHOICE® credit life and credit disability insurance, underwritten by CMFG Life Insurance Company; or MEMBER’S CHOICETM Guaranteed Asset Protection (GAP)  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 Policy Agreement or Member Agreement for a full explanation of the terms. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time.  If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product. Credit life or credit disability insurance claims may be filed by contacting your credit union. If you have questions regarding your claim status, contact CMFG Life at 800.621.6323. Only a licensed insurance agent may provide consultation on your insurance needs. CDCL-0913-9CDA