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For every loan at the credit union you have the option of purchasing credit disability insurance and credit life insurance. The disability insurance will make your loan payments if you are injured and unable to work (even if the injury occurred at a location other than work) or if you are disabled and require surgery and convalescing time. For the insurance to be activated you must have missed 14 days of work. Then the disability insurance is retroactive from the first day of your absence. The credit life insurance would pay off the loan in the vent of your untimely death.
The credit union also offers extended warranty protection coverage for your new or used automobile purchase. The benefits include the following:
- Only $50 deductible
- Towing $50
- Car rental (up to 10 days) $300
- Nationwide protection
- Convenient access to services via toll-free number
- Increased resale value
- New car protection up to 100,000 miles
- Travel expenses up to $225
Most major repairs occur after the manufacturer's warranty has expired. Members are keeping their cars longer and repair costs are rising. The cost of this top of the line coverage may be included in your credit union auto loan for just pennies per day. Your car's resale value immediately increases with transferable coverage and you have a 60 day money back guarantee.
Nationwide Average Repair Costs:
Engine $2,900
Transmission $1,500
Suspension $1,000
Electrical Components $550
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