Loan Protection

Life is full of unexpected twists and turns, but your financial security should never be compromised. At Members First Community Credit Union, we understand the importance of protecting your family and your assets. That's why we offer Credit Life, Disability Insurance, and other Insurance options, providing you with the safety net you need during life's challenges.

We offer the following coverage:

  • Credit Life & Disability Insurance

  • GAP (Guaranteed Asset Protection)

  • Mechanical Repair Coverage options

  • TruStage: Discounts on Auto, Home, and Life Insurance coverage

Credit Life Insurance

Financial security & loan protection for your loved ones – just in case. Credit Life is a form of protection for borrowers and their families, ensuring that their debts do not become a financial burden after their passing. With Credit Life Insurance, put your mind at ease that you have coverage for any outstanding loans you may have.

Disability Insurance

Disability insurance ensures that you continue to receive a portion of your income when you are unable to work due to a disability, helping you maintain your financial stability. This allows you to maintain financial independence and cover daily living expenses, medical bills, and other essential costs. Disability insurance can be tailored to your specific needs, occupation, and budget, providing flexibility in coverage options.

Guaranteed Asset Protection (GAP)

Guaranteed Asset Protection (GAP) insurance is a type of coverage that protects borrowers from financial losses in the event their vehicle is declared a total loss and the insurance payout falls short of covering the outstanding loan balance.

Debt protection and financial security that is affordable in the case of your car repair or total is essential for drivers.

Mechanical Repair

Mechanical Repair Coverage (MRC), also known as Extended Auto Warranty or Vehicle Service Contract, is a type of insurance or contract that provides coverage for the repair or replacement of major vehicle components and systems beyond the manufacturer's warranty.

Roadside assistance, budget assistance, and financial protection are all benefits of having Mechanical Repair Coverage.

* Qualifying terms apply for all. Please talk to a Lending Specialist to learn more.