Vehicle Services

GAP Protection

The Credit Union offers a competitive GAP Protection plan designed to help protect your investment in a new vehicle. For instance, the market value of your new vehicle starts to depreciate the moment you take possession. Also, if your vehicle is totaled or stolen, your insurance company usually does not cover the entire amount you owe on a lease or a loan. And, if a loss occurs, you may have to pay the difference, the gap between what you owe, and the actual cash value of your vehicle, from your own pocket!

How GAP Works

Loan Amount=$25,000  
Term = 60 Months  
Loss Date = 36 Months  
   
Loan/Lease Payoff $15,000
Insurance Settlement* $12,000
GAP ($3,000)
Insurance Deductible ($500)
Potential Out-of-Pocket Expense ($3,500)
GAP Payment to Lender $3,500
   
Out-of-Pocket Expense  
with GAP Protection $0
   
*Actual Cash Value of Vehicle  

Gap protects you...

  • All risk protection - fire, theft, collision, or any insured peril
  • Protection for new and pre-owned vehicle
  • Protection for vehicles valued up to $100,000
  • Protection for the entire term of the loan
  • Emory ACU GAP Coverage pays the difference between the actual cash value of the total loss of your vehicle and the outstanding loan balance,
  • PLUS, it also pays your insurance deductible up to $500.
  • Competitive, one-time fee of $205.00

Vehicle Protection

We currently offer members a comprehensive Service Contract. This contract provides the following features & benefits:

Highlights...

  • Nationwide Protection
  • Available on Both New and Pre-Owned Vehicles
  • 24-Hour Roadside Assistance for the term of your coverage
  • Rental Vehicle Assistance
  • Tire Road Hazard Protection and Trip Interruption for the term of your coverage
  • Transferable Coverage if you sell your vehicle before your agreement expires
  • Fully Insured Program
  • Direct Payment to Repair Facility
  • One Deductible Per Visit
  • Increased Resale Value
  • Claim adjusters are certified by the National Institute for Automotive Service Excellence

Claims Authorization Number: 1(800) 654-8455

 

Products / Services Offered By Third Parties / Affiliates: Any financial, investment, warranty, credit insurance or other products or services ("products") which are provided by third parties or any affiliates are not products of the Credit Union. If the purchase of same is facilitated by or through Credit Union financing; such is merely a convenience to the borrower(s) and in no way creates any contractual or other relationship between the borrower(s) and the Credit Union with regard to any such products. Any rights, obligations or claims with regard to such products shall be solely and exclusively by and between the party providing such products as may be set forth in any applicable contracts, agreements or otherwise, and the Credit Union shall have no obligations, responsibilities, duties, or liabilities whatsoever regarding same.