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Credit Life & Disability

The following insurance products are available through PECU

GAP Insurance (Guaranteed Auto Protection)

  • Auto loan insurance protection in the event you have your car totaled and the remaining loan amount is higher than the insurance payoff.
  • Less expensive than GAP policies offered at dealerships
  • All GAP fees are non-refundable after 60 days
  • Pays up to $50,000
  • Convenient
  • GAP pays remaining loan balances not paid by your insurance in the event your car is stolen or totaled.
  • Ask for GAP Insurance when applying for an auto loan with PECU.

Credit Life Insurance

  • Pays a loan off in full up to $50,000 in the event that the borrower dies prior to age 70.
  • Maximum age is 70 years old
  • Maximum coverage is up to $50,000
  • Maximum loan term is 120 months
  • Purchase for primary or joint holder of loan
  • Low cost
  • No cash outlay as premiums are added to loan

Disability Insurance

  • Pays monthly disability payment up to $650 in the event the borrower is disabled prior to age 66.
  • Protection in the event you are unable to perform the functions of your occupation, that are caused due to medical reasons or by becoming disabled due to an accident.
  • Maximum age is 66
  • Maximum loan term is 120 months
  • Purchase for primary or joint holder of loan
  • No cash outlay as premiums are added to loan

Excessive Share Insurance (ESI)

PECU is very proud of our financial strength and stability. Each member’s deposits are federally insured up to $250,000. In addition, and at no cost to members, PECU purchases another $250,000 per member of supplemental deposit insurance through ESI (Excess Share Insurance Corporation). This means all PECU members have $500,000 of their deposits insured.

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