Loan Protection Policies

Loan Protection Policies

Protect yourself and your investments with Loan Protection policies. Whether it's an auto loan, personal loan or credit card, we have protection policies to meet your unique needs.

 

Click below to learn more about each protection policy.

 

Contact us with questions or if you need assistance.

 

 


 

Loan Protection Policies
GAP Plus Insurance

Will you owe more on your vehicle loan than your vehicle is worth?

 



Guaranteed Asset Protection (GAP) Plus Insurance is like an airbag for your vehicle loan. GAP Plus can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out of pocket expenses if your vehicle is totaled or stolen. GAP Plus can help lighten the financial burden for you and the people you care about. Get GAP Plus today so you can worry a little less tomorrow.

 

A wrecked vehicle can wreck your finances if you owe more on your loan than your insurance will pay. The second you drive your new vehicle off the lot, it drops in value up to 22% in one year*. This creates a gap in coverage.

 

Contact a Loan Officer today to learn more!


Pricing effective April 1, 2018:

$400 for Cars, Trucks, Motorcycles, & Power Sports

$500 for Watercrafts

$600 for Recreational Vehicles


 

* % for a typical vehicle in America. Edmunds, “How long should my vehicle loan be?”, http://www.edmunds.com/ vehicle-loan/how-long-should-my-vehicle-loan-be.html March 2015.

Disclosure:
Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. GPM426 † MARKETING#: GAP-1497967.1-0516-0618 © CUNA Mutual Group 2016, All Rights Reserved.
Mechanical Repair Coverage

 

The miles can add up but the repair costs don’t have to.

 

 

Mechanical Repair Coverage can help deflect some risk of costly future, covered repairs keeping your vehicle running extra miles and extra years. With different coverage levels and deductibles to choose, there’s a plan to fit your family’s budget. Whether you depend on your vehicle for work or getting your family to school and activities, you need transportation that’s safe and reliable. The older your vehicle, the more it takes to keep it in good working order. Not making small repairs can lead to even more expensive repairs and ignoring other repairs can be dangerous.

 

Benefits of the program*:

  • Good at any authorized repair facility in the U.S. or Canada
  • Rental reimbursement: up to $35/day for 1-5 days (1-10 days for parts delay. Available on first day of covered repair.)
  • 24-hour emergency roadside assistance: up to $100 per use. Includes towing, battery jumpstart, fluid delivery, flat tire assistance and lock-out service.
  • Travel expense reimbursement: up to $200 per day 1-5 days for food, lodging and rental when a breakdown occurs more than 100 miles from home. (Not available to NY residents.)
  • Transferable: to increase resale value. Only if sold privately. Subject to transfer fee.
  • Cancelable: receive a full refund within the first 60 days or a pro-rated refund thereafter less an administrative fee.
  • No out of pocket expense at time of mechanical repair: (except for any deductible and any repairs not covered by the policy)–the covered repair is paid directly to the authorized repair facility.
  • Ask about deductible options

 

To learn more information, Contact a Loan Officer today!


*Program details may vary by state. Ask a Loan Officer for details or receive a quote by calling 512-452-5211.

Disclosure:
Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #861338), all located at 175 West Jackson Blvd., Chicago Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. MRC-1613248.1-1016-1118

© CUNA Mutual Group 2016, All Rights Reserved.

 

Credit Life and Disability

 

Credit Insurance may make your loan payment when you can't.

 




 

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan payments against the unexpected such as a covered life event or disability could help you protect more than your finances. It could help lighten the burden for the people you care about. Insure your loan payments today so you can worry a little less about tomorrow.


There’s no way to predict an injury, illness or other unexpected life event. You can take steps to protect your family if the unforeseen happens. Credit disability and credit life insurance may help reduce or pay off your covered loan, up to the policy maximum, in the event of a covered life event, injury, illness or death.

 

You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage is
designed to fit your lifestyle, it is totally voluntary, it won’t affect your loan approval, and it’s simple to apply. You can sign up for credit insurance at your loan closing, or anytime you’d like.


Contact a Loan Officer
to find out more!

 

 

Disclosure:
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Group Policy for a full explanation of the terms. Unique ID & Copyright: CDCL-1457655.1-0316-0418,

© CUNA Mutual Group 2016, All Rights Reserved

 

Your Money is Well Insured
Your accounts at Texas DPS Credit are protected with a high standard. With coverage from National Credit Union Administration (NCUA) and Excess Share Insurance, your money is covered up to $500,000.
Youth Accounts
Start your child's financial growth with a Texas DPS Credit Union Youth Account. It can be used to help them establish basic money management skills and there are great rewards with the account!
Convenience Driven
Manage your account and pay bills securely from the comfort of your own home with Online Banking and Online Bill Pay. Safe, secure, and makes banking so much more convenient!
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Texas DPS Credit Union | 621 W. St. Johns Ave | Austin, TX 78752
Mailing Address | PO Box 15346 | Austin, TX 78761
Toll Free 1(877)252-9199 | Austin (512)452-5211

Routing #314977324 | NMLS #1624130