As a credit union member, you may be eligible for a special group discount on auto insurance through AAA of Michigan in addition to great perks for becoming a AAA member.
We can even have your AAA membership fees or insurance payments automatically deducted from your Catholic Federal Credit Union account. Get the details on AAA online or by calling (800) 426-9159.
In today’s automobile market, a vehicle begins to depreciate the minute it is purchased. Because of this, a vehicle’s outstanding loan balance is typically higher than its actual cash value, especially during the first few years of the loan. If a vehicle is totaled or stolen, the borrower’s insurance settlement is based on the actual cash value of the vehicle. Because of the way the claim is paid, the settlement can be significantly less than the remaining loan balance. This may create a deficiency balance or a “gap” resulting in a serious financial hardship for your borrower.
"GAP Advantage" (Guaranteed Auto Protection) will help protect you in the event that your vehicle is damaged beyond repair or if it is stolen and not recovered. GAP will waive the difference between the outstanding loan balance at the time of loss and the actual cash value of the vehicle (primary insurance settlement), less certain deductions.
All of this coverage is available for a one-time premium of $350.00. This is a great deal! If you are in the market for a vehicle loan or already have a vehicle loan at the credit union, simply contact us to apply for GAP coverage.
You trust Catholic Federal Credit Union to provide you and your family with quality products and services to meet your financial needs. We’ve joined with a dedicated team of insurance professionals to bring you the MEMBERS® Auto & Homeowners Insurance Program.
The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.
CUNA Mutual AD&D and Life Insurance – For more information, click here.
At Catholic Federal Credit Union we continually look for ways to help meet the financial needs of all of our members, including our Medicare-eligible members. We’re aware that sorting out Medicare options can be confusing. That’s why we’ve partnered with Humana (a company dedicated to serving Medicare needs) and CUNA Mutual Group (a company dedicated to serving credit union member needs) to help you explore your Medicare options and make wise decisions based on your personal needs. Through this team of experts, you have access to:
Click here to learn more about Medicare plan options.
The Humana family has HMO, PPO, PDP, and PFFS plans with a Medicare contract. No obligation to enroll. Medicare has neither reviewed, nor endorses, this information.
These plans are not a deposit and are not federally insured. They are also not sold or guaranteed by your credit union. Your credit union enables this program to be offered and is entitled to compensation from CUNA Mutual Group.