Protecting Your Loans
MEMBER’S CHOICE Borrower Security
Now you don’t have to lay awake at night worrying about what will happen if the unexpected occurs. MEMBER’S CHOICE Borrower Security can take care of canceling your eligible loan, up to the agreement maximum, should you die before paying off your loan. In addition, if you become disabled due to a covered illness or injury, or become involuntarily unemployed, MEMBER’S CHOICE Borrower Security can cancel your monthly loan payment, up to the agreement maximum. With MEMBER’S CHOICE Borrower Security, you pay low group rates and only buy enough protection to cover your loan balance, making payments truly affordable. Life, Disability and Involuntary
Unemployment Protection is available on all consumer loans, including credit cards and Home Equity loans.
Mechanical Repair Coverage
With
MRC you can enjoy many valuable benefits among which are:
• Rental reimbursement: up to $35 per day (5-day maximum, 10-day maximum for parts delay); available on the first day of a covered repair
• 24-hour emergency roadside assistance: up to $100 per occurrence; includes towing, battery jumpstart, fluid delivery, flat tire assistance and lock-out service
• No out-of-pocket expense (except for any deductible): the administrator pays the repair facility directly for the covered repair Protect yourself from unexpected costly repairs – Talk to Heritage Family Credit Union to find out what Mechanical Repair Coverage plan is right for you!*
Guaranteed Asset Protection (GAP) Options
Protection option for your vehicle loan – and your finances.
Guaranteed Asset Protection: May reduce or even eliminate the shortfall between what your vehicle insurance will cover and what you owe on your loan if your vehicle is deemed a total loss.
GAP Plus: Can help reduce your next loan at the credit union, making it easier to get the replacement vehicle you’ll need.
Deductible Assistance: Designed to provide financial relief when your vehicle is damaged, but not deemed a total loss. If auto repairs cost more than your deductible, the deductible amount is applied to your loan, reducing what you owe.
Essential financial protection on your vehicle loan that helps you drive with confidence. Talk to Heritage Family Credit Union today about how we can help protect you from sudden out-of-pocket expenses with Guaranteed Asset Protection!**
*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 NH, where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX, where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured. Unique ID & Copyright MRC-3415612.2-0522-0624 CUNA Mutual Group ©2022, All Rights Reserved.
**Your purchase of MEMBERS CHOICETM Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your loan 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 purchase from state chartered credit unions in FL, GA, IA, 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 purchase 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. GAP purchase from state chartered credit unions in IN may be without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee. Unique ID & Copyright GAP-3415626.2-0522-0624 CUNA Mutual Group ©2022, All Rights Reserved