Collateral Protection Insurance

As part of your loan obligation, you are required to maintain physical damage insurance for the full term of your loan.

If you receive a letter from us regarding your collateral protection insurance, it is because we have not yet obtained acceptable insurance coverage as outlined in our loan agreement. Use the helpful information below to file your Insurance Coverage (for Home, Auto or other collateral).

Click Here to Verify Your Insurance Coverage
To speak to a representative regarding your collateral protection insurance, please call (800) 998-0763. Please have your reference ID number handy. This can be located in the upper right corner of your notice.

What is Acceptable Insurance?
Your Insurance Declaration should show the following:

  • Comprehensive AND Collision Coverage
  • Deductibles for comprehensive and collision (not exceeding $1,000 as set by One CU)
  • One CU listed as loss payee/lien holder as follows:

One Credit Union
Control #1172
PO Box 1764
Carmel, IN 46082

  • Correct collateral description, including the year, make, model and complete VIN
  • Borrower/Insured Name
  • Insurance Company Name
  • Policy Number
  • Coverage effective/renewal date

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