GAP Protection

Unfortunately, things don’t always go according to plan. If a member's vehicle is stolen, accidentally damaged beyond repair, or otherwise declared an insured total loss, auto insurance will cover the replacement value. However, the member remains liable for payment of the difference between the insurance settlement and the remaining loan balance. This deficiency can sometimes amount to thousands of dollars.

GAP Protection is an affordable way to fill the gap. For just a few dollars per month, our members can protect themselves against this kind of unexpected expense.

Advantages for members:

Protect members from an unexpected financial loss.
Helps maintain the member's credit rating.
Affordable coverage. One time fee of $250
Auto dealerships charge $600
Premium is built into loan term NOT increasing monthly payment!

Call your local branch today for details on this outstanding opportunity!