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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


GAP Plus with Deductible Assistance

Our Guaranteed Asset Protection ( GAP) program can help cushion you and your family against sudden out of pocket expenses and goes beyond traditional GAP protection. Here's how it works.

Gap Plus may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan, if your vehicle is deemed a total loss. Plus, it helps you get into your next vehicle by reducing your next loan at the credit union.

Deductible Assistance is designed to provide financial relief when your vehicle is damaged, but not deemed a total loss. If auto repars cost more than your deductible, the deductible, the deductible amount is applied to your loan, reducing what you owe. Learn more by reading the brochure, calling us at 301-777-1781 or 800-437-1057

View Gap Plus Brochure

Ask about GAP Plus 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.

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