Guaranteed Asset Protection (GAP)

GAP is like a financial airbag—it protects you from the unexpected bumps in the road.

What does your car insurance really cover?

If your car, motorcycle, or other vehicle is totaled, you’ll still have to pay off your loan. Same if it’s stolen and not recovered. But most insurance covers just the fair market value, not the full amount that’s left on your loan.

Guaranteed Asset Protection covers that “gap” between the fair market value and the amount that you still owe, so you don’t have to pay any extra.


Is GAP right for you?

Guaranteed Asset Protection1 may be a good option for you if:

  • Your vehicle loan had a low down payment or no down payment
  • Your vehicle loses value quickly
  • You drive more than 15,000 miles a year, which makes your vehicle lose value faster
  • Your vehicle loan won’t be paid off for five years or more

Take a look at our insurance options


TruStage Auto Insurance Program

Ready to lower your auto insurance bill? We offer discounts for credit union members, safe drivers, multiple vehicles, and more. Get a free quote and see how much you could save.

Loan Protection

Mechanical Repair Coverage

Conquer car chaos with our extended warranty insurance. You’re covered for everything from a bad breakdown to losing your keys.


TruStage Life Insurance

If the worst happens, make sure your family is covered. With whole life and term life options, we can help you choose the life insurance that fits you and your budget.


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1Your purchase of MEMBERS CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your loan 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 your loan amount 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 purchase from state-chartered credit unions in FL, GA, IA, RI, 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 choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee.

GAP purchase 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.

GAP purchase from state-chartered credit unions in IN may be without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee.