Loan Protection

Add coverage to your Chartway loans and protect against the financial pressures that come from loss of life, disability, or involuntary unemployment. There's even loan protection for vehicle repairs and replacement. As a CUNA Mutual Group member, we are able to provide these affordable coverage options for you and your family.

We know, it's not fun to think about. So, we've made it easy for you to protect your financial well-being with loan coverage options to give you peace of mind. Contact us or visit your neighborhood branch and we'll be happy to answer your questions!

CUNA Mutual Group

Guaranteed Asset Protection (GAP)

GAP

Guaranteed Asset Protection is a low-cost insurance coverage that supplements standard auto insurance to protect you against financial loss in the event your vehicle is stolen or declared a total insured loss.

Features

  • GAP pays the difference between the primary auto insurance carrier's settlement and the protected balance
  • The protected balance is the payoff amount that is directly related to the purchase of the vehicle or the amount borrowed that is secured by the vehicle.
  • Claims are subject to coverage limits.
  • The GAP premium can be added to the total amount financed by the new loan.

Mechanical Repair Coverage (MRC)

MRC

Mechanical Repair Coverage may help pay for covered repairs on new and eligible used vehicles. MRC is a competitively-priced service that adds flexible protection from unexpected vehicle repairs after the manufacturer's warranty expires.

Features

  • A choice of protection levels is available, with various deductible options and term/mileage plans.
  • Hassle-free claim payments are made directly to licensed repair facilities in the U.S. and Canada.
  • Coverage may be transferred if the vehicle is sold to a private party; coverage may be canceled at any time on a prorated basis.
  • The MRC premium can be added to the total amount financed.
  • MRC may be added any time, within mileage requirements.

Loan Assure for Credit Cards

Loan Assure — Credit Cards

Loan Assure is a payment protection plan that can be applied to credit card balances.  In the event of death, disability or involuntarily unemployment your current loan payments or balances will be cancelled, allowing you to protect your credit and offer you and your loved ones peace of mind.

Features

  • One premium option allows you complete protection.
  • Loan Assure protects your credit and offers financial well-being.
  • Coverage cancels loan payments if certain conditions are met.
  • Affordable rates make it easy to get your credit card debt protected to assure you and your loved ones are safeguarded from unseen life events.

Loan Assure for Consumer Loans

Loan Assure — Consumer

Loan Assure is a low-cost protection plan that can be applied to consumer loans.  In the event of death, disability or involuntarily unemployment your current loan payments or balances will be cancelled, allowing you to protect your credit and offer you and your loved ones peace of mind.

Features

  • Three different options give you the ability to choose which package is right for you.
  • Loan Assure protects your credit and offers financial well-being.
  • The coverage cancels loan balance or payments, depending on the coverage you choose, and if certain conditions are met.
  • Affordable rates make it easy to get your loan protected to assure you and your loved ones are safeguarded from unforeseen life events.

Loan Assure for Home Equity Loans

Loan Assure — Home Equity

Loan Assure is a payment protection plan that can be applied to Equity Loans and the two fixed-rate options available in the lines of credit.  The HELOC line itself is not eligible for the Loan Assure coverage. In the event of death, disability or involuntarily unemployment,  the current loan payments or balances will be cancelled, allowing you to protect your credit and offer you and your loved ones peace of mind.

Features

  • Two different options give you the ability to choose which package is right for you.
  • Loan Assure protects your credits and offers financial well-being.
  • Coverage cancels loan balance or payments, depending on the coverage you choose, and if certain conditions are met.
  • Affordable rates make it easy to get your loan protected to assure you and your loved ones are safeguarded from unforeseen life events.

TruStage® AD&D Coverage

Add more coverage starting between $1 and $1.50 per month.*

You’re entitled to $1000 of no-cost TruStage® Accidental Death and Dismemberment Insurance—an exclusive member benefit paid for by Chartway Federal Credit Union. All you have to do is claim it.

AD&D insurance could be a nice supplement to life insurance and can pay a cash benefit for loss of life, hand, foot, eye, thumb, speech or hearing as a result of an accident.

Simply activate your no-cost insurance, or add coverage for yourself or your entire family. Acceptance is guaranteed—with no health questions or medical exam.

Don't miss out on this valuable, no-cost benefit of your credit union membership. Claim it now in just three minutes at TruStage.com/ADD. Or call toll-free 1-800-798-8798.

*Cost is between $1 and $1.50 per month for every $10,000 of individual TruStage AD&D Insurance.

TruStage® AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union. AD&D Base Policy Series E10-ADD-2012 and E10a-014-2012

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