Loan Protection

Options for protecting your future.

Guaranteed Asset Protection (GAP) Plus

If your vehicle is deemed a total loss due to an accident or theft, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event 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.

• Pays off your loan balance if an accident results in the total loss of your vehicle.
• $1,000 credit towards Forrit CU financing of a replacement vehicle if purchased within 120 days.

Essential financial protection on your vehicle loan that helps you drive with confidence. Connect with us today to learn about how we can help protect you from sudden out-of-pocket expenses with Guaranteed Asset
Protection Plus.

Mechanical Repair Coverage (MRC)

Mechanical Repair Coverage may help limit unexpected covered repair costs as your vehicle ages, potentially
saving your budget from future unexpected repair costs. What’s more, it can be used at any authorized repair
facility in the U.S. or Canada.

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 – Connect with us to find out what Mechanical Repair Coverage plan is right for you.

Debt Protection (MEMBER’S CHOICE™ Borrower Security)

If your life takes an unexpected turn, your family’s finances can be strained. But with Debt Protection, your loan payments or balance may be canceled, up to the contract maximums, in case of involuntary
unemployment, disability, or death. It’s just one more way you can look out for the people you love.

• Waive your loan payment(s), up to contract maximums.
• Get relief from the financial burden of a protected life event.

Take an important step toward financial security. Ask us about Debt Protection today.

Get Started:

Connect with us for a quote or info on all your Loan Protection Needs
503-275-0300 option 2
[email protected]

Your purchase of MEMBERS CHOICETM Guaranteed Asset Protection (GAP) 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-3415672.2-0522-0624 CUNA Mutual Group ©2022, All Rights Reserved.

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. MRC-3415612.2-0522-0624 CUNA Mutual Group ©2022, All Rights Reserved.

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 your loan representative or refer to the Member Agreement for a full explanation of the terms of Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days, you will receive a full refund of any fee paid. DP-3415586.1-0121-0423 CUNA Mutual Group ©2021, All Rights Reserved.