Payment Protection

Payment Protection

Peace of mind comes with affordable policies

Make sure your loan payments are made

Protecting you, your family, and your finances.

Make sure your loan payments are made

Protecting you, your family, and your finances.

Budget-friendly options

The security these policies offer comes at a reasonable cost you can roll into your loan.

Customized solutions

Create the coverage plan you need based on your specific life circumstances.

For auto and personal loans

Ensure your debts are covered in the event of various types of accidents.

Nationwide carriers

Insurance policies come from A-list providers.

What could happen to your finances or your family's security if you were suddenly unable to pay your Credit Union ONE loans? The impact could be serious. With these Payment Protection options, you can get the policies you need for the level of protection you want.

Guaranteed Asset Protection (GAP) with Deductible Assistance
  • Offsets the financial gap that exists between your insurance payout and your outstanding loan balance when a vehicle is stolen or totaled and not recovered*
  • May help you avoid potentially paying thousands of dollars out-of-pocket
  • May cancel $1,000 toward the purchase of a replacement vehicle financed with Credit Union ONE
  • Deductible Assistance** is designed to cancel $1,000 on your loan to help you during a time of need
  • The $475 cost can be financed with your loan
Mechanical Repair Coverage
  • Provided by MEMBER'S CHOICE® through the CUNA Mutual Insurance Agency, Inc.
  • This special car repair insurance covers various scenarios and mechanical failures once your manufacturer's warranty expires
  • Platinum and Gold programs available
  • Limits your out-of-pocket costs for unexpected repairs
  • Can be used at any authorized repair facility in the U.S. or Canada
Credit Life & Disability
  • Helps pay off loans if you're disabled, or worse
  • Credit life is designed to help reduce or pay off your your eligible loan balance (up to contract limits) in the event of death; maximum $100,000 per loan
  • Credit disability insurance benefit is $1,000 monthly; must be working 25 hours per week to qualify

Credit Union ONE is a full-service financial institution with locations in Southeast Michigan, Davison, MI, Traverse City, MI, and Grand Rapids, MI.

Let's discuss your Auto Payment Protection options.


Your purchase of MEMBER'S CHOICETM Guarenteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. 


Primary insurance policy must be in force at the time of loss with full coverage. Available limits up to $1,000 per occurrence. Only available on motor vehicles. Not available on RV, power sport or watercraft loans. Certain eligibility requirements, conditions and exclusions may apply.