Loan Protection Resources

Did you know that if your vehicle is totaled, or stolen and not recovered, your insurance may not pay off the total amount owed? A vehicle's value declines as a result of depreciation and your loan balance can be higher than the Actual Cash Value (ACV) which is established by your insurance company. GAP reduces or eliminates the added expense and pays the difference between the ACV of your vehicle as determined by your insurance company, and the balance still owed.

There are many added benefits of purchasing GAP at Cyprus Credit Union:

• Auto Deductible Reimbursement (ADR) – Get reimbursed for your deductible up to $1,000 per loss (limit of two losses per year).
• GAP Advantage – May provide $2,500 towards a new loan when a borrower returns to the financial institution after filing a GAP claim.

Learn more about Guaranteed Asset Protection (GAP)

The average new car is out of warranty in just two and a half years. And as time goes on, the likelihood of mechanical failure on your vehicle is inevitable. Advanced electronics, complex systems, and rising labor costs mean that a repair that might have cost hundreds of dollars a few years ago may now cost you thousands. With Major Mechanical Protection (MMP), you can protect yourself against these expensive repairs.

Learn more about Mechanical Breakdown protection

These days, even the most responsible person can be hit with bills they can’t pay. When that happens, whether because of injury, illness, or accidental death, Debt Protection, in most cases, can help eliminate your debt.

Learn more about Debt Protection

The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.