Auto Buying Services, GAP and Debt Protection
For a preapproval before contacting United Buying Service (UBS), apply through the credit union web site at www.aflcioefcu.org, apply for a loan. UBS has over 50 years of experience making new vehicle purchases simple by pre-negotiating discount prices. Referrals can be obtained online http://www.ubs4cars.com/certificate.html or by calling 301-657-1920. UBS welcomes inquiries about the advantages of using its service rather than internet based options or dealer advertised web pricing. In addition, general inquiries for information purposes or to learn more about their audit and refund policy are encouraged as well.
MEMBER’S CHOICE Guaranteed Asset Protection (GAP) Plus
Will you owe more on your vehicle loan than your vehicle is worth? GAP is like an airbag for you vehicle loan. Accident or theft, it can fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out-of-pocket expenses if your vehicle is totaled. The value of your vehicle begins to decline when you drive off of the lot, 78% in one year, to 46% in 5 years.
Take advantage of the credit unions GAP Plus coverage and receive additional coverage on the vehicles you own under the GAP Plus with Deductible Assistance Program*. Deductible assistance is;
- an additional component of GAP
- applies to motor vehicles insured under your individual primary auto
- cancels part of your debt when comprehensive or collision claim is paid through your primary auto insurance and a deductible is incurred
- actual loss must result in a paid claim that exceeds the deductible amount on your primary auto insurance policy
- primary auto insurance policy must be in force at the time of the loss
- allows up to 2 non-totaled occurrences protected per 12 month period
*Your purchase of MEMBER’S CHOICE™ Guaranteed Asst Protection (GAP), which includes deductible assistance, is optional and 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
MEMBER’S CHOICE BORROWER SECURITY (DEBT PROTECTION COVERAGE) WITH LIFE PLUS**
To help protect your family, erase your debt. Protect your family against the unexpected. The credit union offers an optional program known as Debt Protection. Protecting your loan balance or loan payments against death, disability, or involuntary unemployment could help protect your finances. This protection could cancel your loan balance or payments up to the contract maximums. The credit union offers 12 different coverage packages; 6 for consumer and 6 for home equity loans. Coverage’s consist of; life, disability and involuntary unemployment, life and involuntary unemployment, disability and involuntary unemployment, life and disability, life only, disability only
Life Plus adds protection for life events such as accidental dismemberment, terminal illness, hospitalization, family medical leave, and the loss of life of a non-protected dependent. Protect your loan balance or loan payments today so your family can worry a little bit less about tomorrow.
**Your purchase of Debt Protection with Life Plus is optional and 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