Loan Insurance Programs

Members Choice Credit Disability and Credit Life Insurance

Credit insurance is a way to help protect your loan.  There’s no way to predict an injury, illness or your unexpected death, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen. Credit disability and credit life work in two different ways.  You and your family won’t have to make loan payments if you’re totally disabled due to covered injury or illness.  It will help pay your loan until you’re fully recovered or in the event of your unexpected death it may pay off the loan. Credit insurance may help to pay your loan so you or your loved ones don’t have to.

Member’s Choice Guaranteed Asset Protection Plan - GAP Plus Insurance

Vehicles often depreciate rapidly and vehicle loan terms have typically been increasing on duration.  GAP Plus will help cancel the difference between the primary insurance settlements and what you may still owe on your vehicle loan.  In addition, if your vehicle is stolen or totaled in an accident, it will cancel $1000 of your next loan with the credit union when you purchase a replacement vehicle within 60 days of your primary insurance settlement.  GAP Plus helps you prepare for the unexpected.