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How GAP Works for You

Protect your wallet

Let's say you purchase a vehicle for $25,000. A year later, it is valued at just $16,000 but you still owe $21,000. Depreciation is a pain! Then your car is stolen and never recovered, or you have an accident in which it is damaged beyond repair. Most insurance policies will only reimburse you for the value of your vehicle, $16,000. That leaves you to repay the remaining loan balance of $5,000. If you have it, GAP Protection will help reduce or eliminate that $5,000 for you.

The credit union is federally insured by the National Credit Union Administration.
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.

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