Loan Coverage Options


MEMBER'S CHOICE® Credit Life and Credit Disability Insurance

There is no way anyone can predict an injury, medical-related illness or an unexpected death, but you can take steps along the way to make sure your family is protected if the unforeseen were to happen. 

MEMBER’S CHOICE® Credit Disability and Credit Life Insurance helps pay your loan so you and your loved ones don’t have to. 

How Does it Work? 

The premium is included in your monthly payment. If you have a balance on your loan and are totally disabled due to injury or illness, or in the event of an unexpected death, MEMBER’S CHOICE® Credit Life  and Credit Disability Insurance can help. By taking a few steps while signing your loan paperwork, you’re helping take responsibility for your family’s financial future. Your loan officer can show you how. You won’t receive extra bills or statements because everything is included in your monthly payment. 

You can cancel within the first 30 days for a full refund or at any time after that if you change your mind. If at any point you have questions, of if your family needs to file a claim, simply contact your credit union. Once you complete the loan documents, coverage begins for eligible borrowers.  

Why is it Valuable? 

MEMBER’S CHOICE® Credit Disability and Credit Life Insurance works in two different ways. You and your family won’t have to make loan payments if you’re totally disabled due to an injury or medical-related illness. It will help pay your loan until you’re fully recovered. In the event of an unexpected death, it will pay off the loan. Savings, salary or payoffs from other life insurance may be protected, giving your family financial freedom when they need it most. 

Visit EdCo Community Credit Union or call (515) 274-4100 and talk with a Loan Professional to learn more or to enroll today. 

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, 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 Group Policy for a full explanation of the terms. CDCL-0713-0FE8, © CUNA Mutual Group 2014, All Rights Reserved. 



Guaranteed Asset Protection (GAP)

In today’s world cars are depreciating faster than people are paying off their vehicle loans. This means that in the event you are in an accident and your vehicle is totaled you may owe more on your vehicle than the insurance is willing to give you to pay off the loan. GAP insurance can help protect you in the event that your vehicle is lost, stolen, or totaled. For a one-time cost, you will be covered for the difference of the market value of your vehicle and what the insurance will give you in the event of a loss.


With the GAP Advantage you automatically get $1,000 to use on the purchase of your next vehicle as long as you finance with EdCo Credit Union within 90 days. 

Our GAP Includes Auto Advantage Deductible Reimbursement Insurance!

EdCo Credit Union is proud to now offer our members an Auto Deductible Reimbursement Insurance that will help cover out-of-pocket expenses, such as your insurance deductible, when you have an accident or mishap with your vehicle.


Here are a few of the details:
  • Pays up to $500 per loss when a claim is filed and paid with primary insurance carrier
  • Loss means an event for which the auto insurance company has approved & paid a claim which exceeds the Covered Auto Deductible for a collision or comprehensive claim.
  • Coverage is effective upon date of enrollment and will continue for three (3) years. 

Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled in the same person’s name that is listed on the GAP policy.


Mechanical Breakdown Protection

Mechanical Breakdown Protection offers a complete line of coverage designed to keep your vehicle on the road.

  • Nationwide coverage

  • No deductible

  • 24/7/365 Emergency Roadside Service
  • 30-Day Money Back Guarantee
  • Rental Car Allowance

Contact Us EdCo loan officer at 515.274.4100 to receive a quote for GAP or Mechanical Breakdown Protection.