Preserve your assets for the future and achieve peace of mind knowing your ARC loans are protected.
GAP Insurance
Don’t let a wrecked vehicle wreck your finances.
Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will depreciate more than 20% after the first year you own it, half of which occurs the minute you drive it off the lot.* This leaves a gap between what you owe on your loan and the value of your vehicle if it’s deemed a total loss due to an accident or theft. Our GAP program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan.
Contact us today to learn more about adding GAP to your vehicle loan so you can worry less about tomorrow.
Credit Insurance may make your loan payments when you can’t
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan payments against the unexpected such as a covered life event, including dismemberment and terminal illness, could help you protect more than your finances. It could help lighten the burden for the people you care about. Insure your loan payments today so you can worry a little less about tomorrow.
There’s no way to predict life events, but you can take steps to protect your family if the unexpected happens. Credit life insurance may help reduce or pay off your protected loan, up to the policy maximum, in the event of a covered life event.
You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage is designed to fit your lifestyle, it is totally voluntary, and it won’t affect your loan approval. It’s simple to apply for individual or joint coverage. You can sign up for credit insurance at your loan closing, or anytime you’d like.
Call ARC Federal Credit Union at (814) 946-0857, option 4, or email memberhelp@arcfcu.org to find out more.
Credit Insurance may make your loan payments when you can’t
Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan payments against the unexpected such as a disability could help you protect more than your finances. It could help lighten the burden for the people you care about. Insure your loan payments today so you can worry a little less about tomorrow.
There’s no way to predict an injury or illness. You can take steps to protect your family if the unexpected happens. Credit disability insurance may help make your loan payments, up to the policy maximum, in the event of a covered disability.
You decide which payments you want to protect and the monthly premium may be added to your loan. Coverage is designed to fit your lifestyle, it is totally voluntary, and it won’t affect your loan approval. It’s simple to apply for coverage. You can sign up for credit insurance at your loan closing, or anytime you’d like.
Call ARC Federal Credit Union at (814) 946-0857, option 4, or email memberhelp@arcfcu.org to find out more.
Auto Mechanical Repair Coverage
The miles can add up but the repair costs don't have to.
MEMBER'S CHOICE® Mechanical Repair Coverage can help deflect some risk of costly repairs keeping your vehicle running extra miles and extra years. With different coverage levels and deductibles to choose, there's a plan to fit your family's budget.
Whether you depend on your vehicle for work or getting your family to school and activities, you need transportation that's safe and reliable. As your vehicle gets older, the risk and cost of repairs goes up. MRC can eliminate unexpected covered repairs to keep your vehicle in good working order and your family going.
Benefits of the program*:
- Good at any authorized repair facility in the U.S. or Canada
- Rental Reimbursement: up to $35 per day for 5 days from day one, with up to an additional 5 days for a verified parts delay.
- 24-hour emergency roadside assistance: up to $100 per occurrence. Includes towing, battery jump start, fluid delivery, flat tire assistance and lock-out service.
- Emergency Travel Expense Reimbursement: up to $200 per day up to 5 days for a total of $1,000 for lodging, food and rental expense when a covered breakdown occurs more than 100 miles from home.
- Transferable: if you sell your vehicle privately, the coverage can be transferred for a fee, and may increase the resale value and appeal.
- Cancelable: receive a full refund within the first 60 days or a pro-rated refund thereafter less an administrative fee.
- No out of pocket expense at time of mechanical repair: (except for any deductible and any repairs not covered by the policy)-the covered repair is paid directly to the authorized repair facility by the plan.
- Ask about deductible options