GAP pays the difference between your vehicle insurance company's settlement and the remaining loan amount (directly related to the vehicle purchase) up to the maximum allowed by the credit union and/or state, in the event your vehicle is stolen or damaged beyond repair. At FCCU, our GAP insurance features great rates and affordable pricing for our members.

If you are not already familiar with the GAP program that First Central Credit Union offers, you might want to read more. Our GAP program could save you thousands of dollars in out of pocket expense.

Within the first two or three years of ownership, your new vehicle will depreciate in value faster than your loan balance. If your vehicle is involved in an accident and is declared a total loss or if it is stolen and not recovered, you may not be able to pay the difference between what your automobile insurance will pay and the remaining balance on your loan. This creates an unnecessary financial hardship on you. Our GAP program will pay the difference between your automobile’s market value and your loan balance if you are a victim of total loss or left of your new car. For example:

Below are some examples of GAP claims paid by our Insurance Provider. In today’s economy, can you afford to go unprotected? Are you in a position to pay thousands of dollars out of pocket for a deficiency?

2007 Dodge Ram $9,145.21
2006 Chevy Trailblazer $6,552.40
2006 Ford Expedition $13,208.64
2007 GMC Sierra $10,767.60
2006 Hyundai Sonata $5,456.86
2007 Mitsubishi Eclipse $8,423.69

You have up to one year after loan origination to add GAP to your vehicle loan. Call us at 1-800-780-7101 with any questions you may have about our GAP program. We’d be happy to enroll you today!