Guard your investments.
Insurance goes beyond financial protection. It’s your proactive shield against unexpected events that could otherwise derail your financial stability while you navigate your borrowing journey.
Make every cent count.
Member’s Choice™ Borrower Security
Voluntary loan-payment protection offers financial relief in the event of loss of life, disability, and involuntary unemployment.
TruStage™ Insurance
Reliable individual and business coverages, tailored to your budget and ready to offer financial support when necessary.
GAP Insurance
GAP is like an airbag for your vehicle loan that covers the gap between what you owe and what insurance will cover in case it’s damaged.
Mechanical Repair Coverage
As your vehicle ages and miles accumulate, make sure you can afford the necessary repairs to keep it running smoothly.
Insurance FAQs
Why is insurance important?
Insurance offers financial protection against unexpected events, helping individuals and businesses manage risks by transferring potential losses to an insurance company, ensuring stability, peace of mind and the ability to recover from setbacks without devastating financial consequences.
How does insurance work?
Policyholders pay premiums to an insurance company, which pools these funds to cover losses suffered by some policyholders due to specified events like accidents or illnesses. When a covered event occurs, policyholders can file claims to receive compensation according to the terms of their policy, helping them recover financially without bearing the full burden of the loss themselves.
How do insurance claims work?
Insurance claims work by policyholders notifying their insurance company of a covered loss, submitting necessary documentation and details, and the insurer evaluating the claim’s validity and coverage. If approved, the insurer provides compensation according to the policy terms, helping the policyholder recover financially from the insured event.
How do insurance deductibles work?
Deductibles are the amount of money a policyholder must pay out of pocket before their insurance coverage kicks in. For instance, if you have a $500 deductible on your auto insurance policy and you file a claim for $2,000 in damages, you would pay the first $500, and your insurance would cover the remaining $1,500. Generally, higher deductibles mean lower premiums, while lower deductibles lead to higher premiums
Is my account insured?
Yes, your savings accounts are insured up to $250,000 and IRA accounts are insured an additional $250,000, depending on account ownership, by the National Credit Union Administration (NCUA). NCUA is an agency of the federal government.
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