Gap Insurance
 
What is Guaranteed Auto Protection?
Guaranteed Auto Protection, or GAP, offers protection against financial liability for individuals who finance a new or used vehicle. GAP protects against financial loss in the event your vehicle is damaged beyond repair (totaled) or stolen and never recovered. With GAP, the covered deficiency balance is then waived.
What Does GAP Cover?
In today's automobile market, during the first few years that you own your vehicle, your loan/lease balance can be higher than the actual value of your car, as a result of depreciation. As your car's value declines, your loan/lease balance can be significantly higher. If your car were stolen, or totaled in an accident, you would be liable to pay the difference between your insurance settlement and your outstanding loan/lease balance.
GAP covers the difference between the market value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. In the event a deficiency exists, our program will cover your insurance deductible, up to $1,000.
 
For Example:  Amount 
Loan balance after one year .............................. $ 15,000
Your vehicle's actual cash value ........................ 11,000
Your deductible ................................................... 1,000
Insurance settlement ........................................... 10,000
The gap ................................................................ 5,000
GAP Pays ............................................................ 5,000
  
Without GAP coverage, you would be required to pay this $5,000 in order to pay off your loan/lease balance. For more details talk to a loan officer at your credit union.
 

Guaranteed Auto Protection is a loan/lease
deficiency waiver and is not offered 
as insurance coverage. 
The purchase of GAP is voluntary and cannot be required as a condition of loan approval.
  
 

Three convenient locations to better serve you!

Main Campus
832 Cleveland Street
Elyria, OH 44035
440-365-7342
   

Health Associates Campus
5609 West Erie Avenue
Lorain, OH 44053
440-960-0094
 		 Moen Campus (emp. only)
25300 Al Moen Drive
North Olmsted, OH 44070, 440-962-2581 ext. 2233
Fax: 440-962-2071
 
Telephone Electronic mail
  CU*TALK   General Information:
    1-800-617-9489     Member Service
             
  Toll-Free - Continental U.S.   Webmaster:
    1-866-365-7345     Marketing
             
  Fax Assets:
    440-366-2928   $48 Million
             
Member of:

Lorain County Chamber of Commerce
Lorain County Association of Realtors  (LoCAR)
Ohio Credit Union League  (OCUL)
National Association of State Chartered Credit Unions  (NASCUS)
North Coast Building Association (BIA)
  
Business Hours

Main Office
Lobby
Monday, Tuesday, Thursday, Friday 9:00 AM - 5:00 PM
Wednesday 10:00 AM - 5:00 PM
Saturday 9:00 AM - 12:30 PM
Drive-up Window
Monday, Tuesday, Thursday 9:00 AM - 5:00 PM
Wednesday 10:00 AM - 5:00 PM
Friday 8:00 AM - 6:00 PM
Saturday 9:00 AM - 1:00 PM
     

Health Associates Campus

Notice new extended Health Campus hours!
Lobby
Monday, Tuesday, Thursday, Friday 8:00 AM - 5:00 PM
Wednesday 10:00 AM - 5:00 PM
Saturday 9:00 AM - 12:30 PM
Drive thru
Monday, Tuesday, Thursday, 8 AM – 5 PM
Wednesday 10:00 AM - 5:00 PM
Friday 8 AM – 6 PM
Saturday 9 AM – 1 PM
 

Moen Campus
Lobby
Monday, Tuesday, Thursday, Friday 9:00 AM - 5:00 PM
 closed from 12:30-1:30pm for lunch
Wednesday 10:00 AM - 5:00 PM
 closed from 12:30-1:30pm for lunch
  

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Your deposits are insured to $250,000 per account. This institution is not federally insured.