Loan Protection

Things happen. That’s why, when you get a loan from ACU, you have the option to protect your purchase and yourself at a great rate! There are several options available to you depending upon your needs and loan type (some restrictions may apply).

Payment Protection
MEMBER’S CHOICE Borrower Security* is a voluntary loan payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. ACU will cancel or reduce repayment of your loan debt if a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan). Protected events include: loss of life (including those caused by acts of war), disability (including those caused by acts of war), and involuntary unemployment.

*Your purchase of Debt Protection 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 ACU for a full explanation of the terms of Debt Protection.

Guaranteed Asset Protection (GAP)
GAP covers the deficiency balance on your loan in the event of a total loss of your vehicle. Most insurance companies only pay the Cash Value of the vehicle at the time of the loss. Your remaining loan balance could be much greater than the Cash Value of your vehicle creating a deficiency of several thousand dollars that you’re liable for. What is the “GAP” on your vehicle? You may be surprised at the answer.

Major Mechanical Protection (MMP)
MMP provides protection against mechanical breakdowns above and beyond the original manufacturer’s warranty. MMP can help ensure that the investment in your vehicle is protected, and reduces the possibility of out-of-pocket expenses when your vehicle suffers an unexpected mechanical failure. Most important of all, Major Mechanical Protection provides peace of mind so you can experience worry-free driving.