Loan Protection

Preserve your assets for the future and achieve peace of mind knowing your ARC loans are protected.

GAP Insurance

Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, or the "gap," between your insurer's settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purpose, no longer exists.

So what is GAP Insurance?

GAP is a low-cost coverage that pays the potentially high-cost difference between your insurance settlement and your loan balance. GAP can save you from making loan payments on a vehicle that you no longer have!

  • Only a few dollars a month - $275 total (most dealerships charge $500-$600)
  • Up to $1,000 down payment of a replacement vehicle
  • Can be included with your loan payment
  • Fully refundable if cancelled within the first 90 days

Protect your family, your car, and your credit rating with GAP. Contact our loan department for more information at 814-946-0857 opt 4.

Life Insurance

Sign up for MEMBER'SCHOICE term life insurance from CUNA Mutual Insurance Society when you take outyour next loan at ARC Federal Credit Union. As an ARC member, you and yourfamily can have the valuable financial protection you need when you take out a loan.

Premiums for the coverageyou select are reasonable. In fact, when you compare the cost of term lifeinsurance with the benefits offered, you'll find the coverage well worth it.

Life insurance can:

  • Reduce your family burden and protect your family
  • Protect your income, your collateral and your credit rating
  • Provide coverage at home and at work.
  • Provide peace of mind

In the event of your death, term life insurance pays the insured balance of your loan, up to the policy maximum.

How Much Does It Cost?

Coverage costs justpennies a day. Premiums can be added to your monthly loan payments for your convenience.

It's Easy to Qualify...

To qualify for term lifecoverage you must not have reached the maximum eligibility age of 65 on thedate of your loan.

Call one of our loanprofessionals for complete details. 814-946-0857 opt 4.

Disability Insurance

Sign up for MEMBER'S CHOICE term disability insurance from CUNA Mutual Insurance Society when you take out your next loan at ARC Federal Credit Union. Premiums for the coverage you select are reasonable. In fact, when you compare the cost of term disability insurance with the benefits offered, you'll find the coverage well worth it.

Disability insurance can:

  • Reduce your family burden and protect your family
  • Protect your income, your collateral and your credit rating
  • Provide coverage at home and at work
  • Provide peace of mind
  • Should you become totally and continuously disabled by a covered sickness or accident, which persists beyond the policy waiting period, your covered loan payments are protected with disability insurance.

How Much Does It Cost?

Coverage costs just pennies a day. Premiums can be added to your monthly loan payments for your convenience.

It's Easy to Qualify...

  • You must not have reached the maximum eligible age on the date of your loan
  • You must be actively at work and regularly performing all of the duties of a full-time, gainful occupation
  • Only one member may be insured for any one loan

Call one of our loan professionals for complete details at 814-946-0857 opt. 4

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.  The older your vehicle, the more it takes to keep it in good working order.  Not making small repairs can lead to even more expensive repairs and ignoring other repairs can be dangerous.

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 (or 10 days for a parts delay) from day one.
  • 24-hour emergency roadside assistance: up to $100 per occurrence.  Includes towing, battery jump start, fluid delivery, flat tire assistance and lock-out service.
  • Travel expense reimbursement: up to $500 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, adding 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

*Program details may vary by state.  Ask a Member Services Representative for details or receive a quote by calling 1-888-751-2709.

MEMBER'S CHOICE® Mechanical Repair Coverage is administered by Consumer Program Administrators, Inc. in all states except AK and CA, where coverage is administered by Virginia Surety Company, Inc., in WA where coverage is administered by Automative Warranty Services, In., in FL, LA, OK and WI, where coverage is administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023) and in AZ, where the Obligor and Administrator is 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. In all those states where MEMBER'S CHOICE® Mechanical Coverage is offered as Insurance (form MCCU-001-MBI) it is underwritten by Virginia Surety Company, Inc.

MRC-896721.1-0414-0516 © CUNA Mutual Group 2014, All Rights Reserved.