|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.