{slider Debt Protection (Loss of Life, Disability & Involuntary Unemployment Protection)|closed}

Debt Protection (Loss of Life, Disability & Involuntary Unemployment Protection)


Helps protect your finances and credit rating if the unexpected happens.  Whether you’re taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens.  You’re betting you can pay back your loan and you won’t lose your job (through no fault of your own), or become disabled (due to illness or injury), or pass away, which could leave your family responsible for the loan balance.  Life events such as these cause financial hardship, making bill-paying difficult.  You don’t want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress on your family.

CFCCU Debt protection is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you.  And, simple eligibility requirements ease the enrollment process. 

Debt Protection from CFCCU includes loss of life protection, disability and involuntary unemployment.  Ask a CFCCU loan representative how you can add this Debt Protection to your existing or new loan.

  • Available for consumer and home equity loans
  • Cancels a member’s loan balance or reduces repayment of a loan debt  when specified life events occur
  • Easy enrollment and simple eligibility requirements


Safeguards your assets

  • Helps protect monthly cash flow and credit rating
  • Helps preserve savings
  • Helps ensure loan payments are made

*Your purchase of Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions, and exclusions may apply.  Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of CFCCU Debt Protection.

{slider Guaranteed Asset Protection (Vehicle GAP)}


Guaranteed Asset Protection (Vehicle GAP)

Protect the investment in your vehicle.  Gap is designed for your protection whether you finance a new or used vehicle.  Almost any vehicle is eligible for GAP.

How does GAP work?

GAP protection goes into effect when you need it most.  With GAP, you have one less worry if your vehicle is totaled in an accident and can’t be repaired or stolen and isn’t recovered.  
GAP waives the difference between your primary insurance carrier’s settlement and the payoff of your loan*.  Included in this difference is your insurance deductible, up to $1,000.00**.

For more information about Guaranteed Asset Protection, call us at 319.266.7531 or email us at lending@cfccu.org.

You stay in the driver’s seat

The following is a typical example of how GAP comes through for you:

Original Purchase Price  $25,000.00
Loan balance after one Year $20,000.00
Insurance settlement covering vehicle’s current value $16,000.00
GAP waives the difference
(Including your deductible, up to $1,000.00)**
Total GAP Benefit $4,000.00

*Less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges.
**Waiver of the insurance deductible is available in most, but not all states.  Please consult with a CFCCU loan representative for the availability of this feature.

{slider Mechanical Breakdown Protection (Vehicle Warranty)}


Mechanical Breakdown Protection (Vehicle Warranty)


Expensive repair bills can leave you stranded financially unless you have an extended service plan.  We offer this valuable protection at just a fraction of what you would pay elsewhere.  Ask a CFCCU loan representative how you can begin protecting yourself from future vehicle repairs by getting your mechanical breakdown protection (vehicle warranty) today.

Here’s a quick explanatory video. For more information, or to get a free quote call us at 319.266.7531 or email us at lending@cfccu.org.


  • Protects new and eligible used vehicles—even after the manufacturer’s warranty expires
  • Valuable because members typically hold on to vehicles longer and have longer loan durations than in the past
  • Competitively priced coverage for new and used vehicles with no deductible
  • Cost can be financed into your loan payment
  • Repairs authorized at any licensed facility in the US and Canada
  • Claims paid directly to the repair facility
  • Additional benefits include:
    • 24 hour emergency roadside assistance
    • Towing reimbursement
    • Lock-Out Service
    • Battery Jump Starting
    • Flat Tire Assistance
    • Rental car assistance
    • Total Loss Refund (Get 100% cost refund if vehicle is declared totaled during its coverage period)
    • Coverage can be cancelled at any time for any reason