Once approved for that vehicle you’ve been dreaming about and you select Credit Life and/or Credit Disability we’ll give you a .25% discount and we’ll extend your loan term for 6 months, to help with an affordable loan payment and help protect you and your family from life's unexpected events.
What is Credit Life and Credit Disability insurance coverage? This valuable coverage offers you extra financial security, added peace of mind, and protects you and your family when you need it most.
Credit Life Insurance is a voluntary payment protection product available to eligible borrowers at an affordable rate. This insurance pays off or reduces the loan balance in the event of an insured borrower’s terminal illness, accidental dismemberment, or death. Please refer to One Source FCU Lending staff for complete plan coverage, exclusions and limitations.
Credit Disability Insurance is a voluntary payment protection product available to eligible borrowers at an affordable rate. This insurance helps make your monthly loan payments if the insured borrower is totally disabled for longer than the waiting period. Please refer to One Source FCU Lending staff for complete plan coverage, exclusions and limitations.
In most cases, GAP Advantage will make up the difference between what your insurance policy covers and the amount you still owe. So, instead of paying off a substantial loan balance for a vehicle you can no longer drive, you could be relieved from your remaining loan balance and have funds to put toward a down payment on a new car.
Give yourself peace of mind knowing your auto loan won’t be a burden if an unexpected accident or theft occurs.
Additionally, we will also offer more protection for life’s unexpected turns with another .25% discount when you select both GAP Advantage and Major Mechanical Protection (MMP) and we’ll add an additional 6 months to your loan term, again helping you, our member with not only an even more affordable loan payment but protecting your vehicle from unexpected and costly repairs.
With Major Mechanical Protection (MMP), you can protect yourself from costly repairs and enjoy your vehicle longer. The total cost of MMP is often far less than the cost of a single repair! Pay for this protection once, and in most cases you will not have to pay anything more than a small deductible should a breakdown occur.
Your coverage may include all or some of the following benefits*:
*coverages vary
To learn more, call us today, our loan officers will gladly assist you! 915-592-0223 or 1-800-532-0223.
Did you know that as a One Source member who already has either our GOLD or SILVER checking account, you are rewarded with specific discounts when it comes to financing an auto loan with us?
Don’t have an Silver or Gold Checking account with us yet? You can click here to apply for one.
(certain restrictions apply. See credit union for details)
Routing / ABA Number: 312080970
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