Credit Protection Products

GAP (Guaranteed Asset Protection)

Protect your vehicle investment with Guaranteed Asset Protection. GAP protects against financial loss in the event that your vehicle is damaged beyond repair(totaled) or stolen and never recovered. If either of these events occur, you could be liable to pay the difference between your current loan balance and the insurance settlement amount. GAP covers this deficiency balance and will even cover your insurance company deductible, up to $1000.

Credit Life Insurance & Disability Insurance

AFCU’s optional credit life insurance and disability insurance provides financial protection for you and your family at a low cost by paying off your loan in the event of death or by making your payments if you become disabled. A few of the features include:

  • Members get the choice of single or joint credit life
  • Disability insurance covers the borrower beginning on the 31st day of disability

Credit Protection products are offered on most types of loans.  Credit Union personnel can help you with any questions you may have prior to selecting any product.