Loan Add Ons

Bay Atlantic Federal Credit Union is proud to offer several loan add ons for our members through our partnership with TruStage®.

Debt Protection

BAFCU Debt Protection is available on all loan types. By signing up for Debt Protection, members can earn a 0.50% discount on the qualifying rate for eligible loan products.

Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection which may cancel your loan balance or payments, in case of:

Involuntary Unemployment
Disability
Death

Take an important step toward financial security. Ask a member of our lending team about Debt Protection today. Call 856-696-2525 ext 6011 or email loans@bayatlanticfcu.org

GAP

GAP is available on all auto and recreational loans.

If your vehicle is deemed a total loss due to an accident or theft, your insurance might not cover your vehicle loan, leaving you with unexpected expenses. But we can help. Our GAP program may reduce or eliminate the gap between what your vehicle insurance will cover and what you still own on your loan.

Essential financial protection on your vehicle loan that helps you drive with confidence. Ask a member of our lending team today about how we can help protect you from sudden out-

of-pocket expenses with GAP. Call 856-696-2525 ext 6011 or email loans@bayatlanticfcu.org

GAP is not insurance; it is an optional debt cancellation product. GAP will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP Fee to the amount financed under your contract will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state-chartered credit unions in FL, GA, IA, IN, UT, VT, and WI may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you purchase a refundable
product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state-chartered credit unions in CO, MO or SC may be canceled at any time during the loan and receive a refund of the unearned fee.

Debt Protection 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 contract for a full explanation of the terms. You will receive the contract before you are required to pay for Debt Protection. 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.

©TruStage

DP-3415586.2-1123-1225

VIEW THE DEBT PROTECTION BROCHURE

Mechanical Repair Coverage

Mechanical Repair Coverage is only available on auto loans.

With Mechanical Repair Coverage you can enjoy many valuable benefits among which are:

Substitute transportation: up to $50 per day up to a maximum of 10 days, available on the first day of coverage. Options for traditional rental car or rideshare are available.
24-emergency roadside assistance: up to $125 per occurrence, includes towing, battery jumpstart, fluid delivery, flat tire assistance, lock-out service, and extracting your vehicle from an inaccessible area within 50 feet of a paved road or highway.
No out-of-pocket expense (except for any deductible): the administrator pays the repair facility directly for the covered repair.

Help protect yourself from unexpected costly covered repairs –

Talk to a member of our lending team today to find out what Mechanical Repair Coverage plan is right for you. Call 856-696-2525 ext 6011 or email loans@bayatlanticfcu.org

VIEW THE MECHANICAL REPAIR COVERAGE BROCHURE

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 NH; where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX; where coverage is provided and administered by Consumer Program
Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK; where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA; where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1-800-752-6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. The purchase of Mechanical Repair Coverage is optional. This document provides general information about Mechanical Repair Coverage and should not be solely relied upon when purchasing coverage. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions and exclusions. Coverage varies by state. Replacement parts may be new, used, non-OEM or remanufactured.