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Member Choice Debt Protection

Help protect your loans and preserve your standard of living.

Thinking about taking out a loan to make home improvements or buy a vehicle? Be sure to protect yourself and your family in the event that something unforeseen happens. Our Members Choice Debt Protection program is here to ensure you're safe and sound.

You’re betting you can pay back your loan. But if you lose your job through no fault of your own, become disabled due to injury or illness, need to take family leave, or in the worst case scenario you pass away, you could leave your family responsible for your loan balance.

Members Choice Debt Protection Program is a voluntary loan-payment protection product designed to help you get relief from loan payments if a protected life event unexpectedly happens to you.

Call Chessie Federal Credit Union at 301-777-1781 or 800-437-1057 and ask about protecting your loans today.

Information on Death, Disability, and Involuntary Unemployment

Mechanical Repair Coverage

As vehicles get older and miles add up, the likelihood for repairs increases. Mechanical Repair Coverage can help you limit out-of-pocket, costs for covered breakdowns.

To research, compare and buy Mechanical Repair Coverage, visit https://www.forevercar.com/chessiefcu or call 1-866-860-2185, where you can take advantage of:

  • Convenience — easy-to-use, 24/7 online shopping experience
  • Customer service — expert service through a dedicated call center
  • Monthly payments — through a convenient monthly payment plan that fits your budget

Mechanical Repair Brochure

GAP

Protect your investment with Guaranteed Auto Protection. GAP, or Guaranteed Auto Protection, is a non-insurance product which protects your financial liability when financing a new or used vehicle.

What Does GAP Cover?

GAP covers new and used automobiles and goes into effect when your vehicle is stolen and isn’t recovered or is totaled in an accident and can’t be repaired.

GAP covers the difference between your primary carrier’s insurance settlement and the amount of your loan, less delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges.  Included in this difference is your insurance deductible.

Ask about GAP with your next auto loan application. 


Your purchase of Members Choice Debt Protection Program is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of Members Choice Debt Protection program. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product. MRC-2341946.1-1218-0121 © CUNA Mutual Group 2018