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Free Loan Life Insurance Up to
$50,000 on aggregate loans available through the age of 65 for
members working a minimum of 20 hours per week.
Includes all loans except First Mortgage Loans. Free
Loan
Life Insurance is only available for the primary borrower. All
claims are filed by the Credit Union. A copy of the death
certificate is required as proof of claim. The terms of
the Group Policy can be changed without prior notice to you.
No change, however, can take away any rights which arose prior
to the time the change was made. To report a death,
please contact ACU at 1-800-245-8112.
GAPP Insurance
In the event your vehicle is deemed a total loss due to an
accident or theft,
your auto insurance policy will usually
only cover the actual cash value or
market value of your
vehicle less a deductible. This settlement could be
several thousand dollars less than the amount owed to your lender or
leasing company. The final result is a financial “gap”
where you must
pay the difference.
GAPP Insurance protects individuals from this financial “gap”. It
pays the
difference between what your primary insurance carrier covers
on the
vehicle due to a total loss and what you owe on your loan
balance. The
cost of GAPP Insurance
is only
$150 and must be purchased at the
origination of your ACU automobile loan.
Top Credit Disability Insurance
Credit Disability Insurance assumes the burden of debt if
you become
disabled and continue to be disabled for more than
30 days. The
coverage pays above and beyond any other
coverage the member may
already have. It is simple to enroll. Only a few health
questions are asked
and no physical exam is necessary if elected at the time of
disbursement
or within 30 days thereafter. There is no separate premium to send.
The
premium is
included in the loan payment.
Extended Warranties
ACU offers extended warranties for new and used vehicles
up to
100,000 miles.
It protects
you against many of the costly repairs no longer
covered when the
manufacturer’s warranty expires. The cost of the warranty
can be conveniently added to
your loan. Ask an ACU member representative for a quote
during the application process. We have three levels of
coverage available to meet all your needs: Silver,
Gold, and Platinum. Coverage can be purchased when you
receive your loan at the Credit Union or if you refinance your
loan from another institution at our Credit Union. You
can also purchase coverage other than at the time of the loan
as long as the vehicle has at least one month and 1,000 miles
remaining on the manufacturer's full warranty on the date you
purchase the agreement.
Click here to view an Extended Warranty brochure.
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