Insurance

Payment Protection
Your Credit Union believes in protecting your credit. That is why Chemcel Federal Credit Union offers Payment Protection Insurance to our members. This service will pay your minimum monthly payment in the event of an illness, injury, or death. Protect your family members fron the financial burden and additional stress during these difficult times.

For more information on how you can receive Payment Protection Insurance call a Member Service Representative today at (361) 584-6246.

GAP - Protect Your Investment with GAP Insurance
Guaranteed Auto Protection Insurance (GAP) is designed to eliminate the unpaid balance on your new loan. In the event your vehicle is stolen or wrecked, GAP insurance relieves the borrower of the responsibility for the full deficiency balance that the proceeds from their primary insurance policy does not cover.

During the first few years that you own your vehicle, the loan balance can be higher than the actual value of your vehicle as a result of depreciation. As your car value declines your loan value can be significantly higher. If your car were stolen or totaled in an accident, you would be responsible for the difference between your insurance settlement and the outstanding balance of your loan.

GAP insurance offers peace of mind and eliminates "out of pocket" expenses for the remaining balance after the insurance settlement, it aslo helps to protect your credit rating.

Contact your local branch or our Loan Officers at (361) 584-6246 for more information.

Vehicle Service Agreement
Vehicle Service Agreement (VSA) helps cover unexpected repairs or other items that take your car off the road. VSA provides coverage for any eligible new and used vehicle, including vehicles you own or are paying for through another financial institution.

As your vehicle gets older, the risk and cost of repairs will increase. There are several plans available to members of CFCU including:

• Premier Blue Named Exclusion Coverage
  
• Ultra Gold Named Component Coverage
  
• Plus Gold Named Component Coverage
  
• Premier Blue Named Exclusion Wrap Coverage

Why should you buy a VSA?

• Protects against out of pocket expenses
  
• Affordable
  
• $0 deductible option
  
• Rental, towing and trip interruption
  
• Choice of repair facility
  
• 60 day money back guarentee
  
• National fleet accounts
  

Contact your local branch for more information.

Plus...

Check current loan rates

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Check your current loan balance, interest paid, make a payment and more on Online Service

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