Loan Protection Resources

Need additional protection with your loan? We can help.

Cyprus Credit Union provides a variety of resources to help ensure you're getting the most of your loan.

 

Guaranteed Asset Protection (GAP) 

Did you know that if your new vehicle is totaled, or stolen and not recovered, your insurance may not pay off the total amount owed?  A vehicle's value declines as a result of depreciation, and your loan balance can be higher than the Actual Cash Value (ACV) which is established by your insurance company.   GAP reduces or eliminates the added expense and pays the difference between the ACV of your vehicle, as determined by your insurance company, and the balance still owed.

 

Mechanical Breakdown

The average new car is out of warranty in just two and a half years, and as time goes on, the likelihood of mechanical failure on your vehicle is inevitable. Advanced electronics, complex systems, and rising labor costs mean that a repair that might have cost hundreds of dollars a few years ago may now cost you thousands. With Major Mechanical Protection (MMP), you can protect yourself against these expensive repairs.

 

Debt Protection

These days, even the most responsible person can be hit with bills they can’t pay. When that happens, whether because of injury, illness, or accidental death, Debt Protection in most cases can help eliminate your debt. 

 

healthCAR

Protect yourself from costly auto repair bills with affordable, monthly mechanical breakdown coverage on new, used, and high-mileage vehicles. With no mileage limit, repair costs are covered for as long as you own the vehicle — even after your loan is paid off.

 

Home Banking

The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
Links from the Cyprus Credit Union web site to other web sites are provided solely as a convenience to visitors. If you use these links, you will leave the Cyprus Credit Union web site.

The Credit Union does not have any responsibility or control over any of these external web sites, their content or their privacy policies. We do not endorse or make any representations about third-party external web sites, including any information, products, materials or results that may be obtained from using them.

If you decide to access any of the linked third-party web sites, you do so entirely at your own risk. You are encouraged to review the privacy notice for each linked web site.
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