Loan Protection

Protect Your Loan and Your Financial Future with Loan Protection products including: Credit Life and Disability Protection, GAP Insurance, Vehicle Extended Service Agreements, and Involuntary Unemployment Protection.


Credit life and disability protection


Credit Life and Disability Protection can help make your loan payments when you can’t. The cost is low for the important extra security provided.

Life Protection will help reduce or pay off your loan if you die before the loan is repaid. Disability protection will help make your loan payments if your income is lost due to a covered accident or illness. In both circumstances, the coverage is designed to help protect you and your family when help is needed most. Contact HEFCU’s loan department for more details.

vehicle extended service agreements


HEFCU offers multiple levels of protection for new and pre-owned vehicles so you can enjoy worry-free motoring and avoid unexpected, costly repairs. For more information contact HEFCU’s loan department.


To view the vehicle extended service brochure options, click on the brochure link below that you would like to view:


gap insurance


Why take chances with the investment you have in your automobile? If your vehicle is declared a total loss, your car insurance doesn’t pay for everything. Your insurance company pays the actual cash value of the vehicle at the time of the loss-not what the vehicle is really worth to you. This deficiency, added to the amount of your deductible, loss of time from work, rental car cost, replacement vehicle, and other expenses, can easily be thousands of dollars. HEFCU offers GAP insurance to cover this type of loss. For more information review the GAP Brochure or contact the HEFCU loan department.

involuntary unemployment protection


As the facts show, unemployment is occurring more now than in the past five years, potentially leaving you in a financial bind if you’re not prepared. An inadequate financial “safety net” can make bill and loan payments difficult to make, causing delinquency, repossession and damage to your credit rating. All of this makes acquiring future credit more difficult. Ask About Protecting Your Loan Payments


Protecting your assets is nothing new. Member Choice Debt Protection protects your loan payment. It is a safety net that cancels or postpones debt obligations when a protected life event like involuntary unemployment makes paying off your loan a challenge. With Member Choice Debt Protection, fees are based on a group rate and you buy only enough protection to cover your loan balance. And, tying protection directly to your loan means you’ll have exactly the right amount of protection – no more, no less.