Excellent Mechanical Breakdown Insurance is available through the Credit Union. MBI is equal or superior to dealers’ extended warranty service contracts and can save you hundreds of dollars. Even if you do not finance your vehicle with the Credit Union, you can get MBI through us. (Remember, you have 60 days during which you can cancel your extended warranty service contract with a dealer.)
The Credit Union also offers Gap Insurance to cover the immediate depreciation in value when you drive your newly purchased vehicle off the dealer’s lot. This insurance protects you if your new vehicle is damaged in an accident or stolen, which is particularly important if your vehicle is 100% financed. Gap Insurance makes up the difference between your insurance payoff and the vehicle’s purchase price.
All member share deposits are federally insured up to $250,000 by the National Credit Union Insurance Fund (NCUSIF). In addition, IRA Accounts are insured separately up to $100,000 from other acounts that a member maintains in our credit union. This insurance fund is governed by the National Credit Union Administration, a U.S. Government Agency.