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Federally Insured by NCUA
Protect your family against the unexpected. LoanProtect could protect your loan payments and could cancel your loan balance or payments up to the contract maximums. LoanProtect offers protection in the event of:
Additional protection is available through Life Plus, which adds protection for life events, such as accidental dismemberment, terminal illness, hospitalization, family medical leave and the loss of a non-protected dependent.
Purchasing LoanProtect is voluntary and won’t affect your application for credit or loan approval. To apply, contact a ValleyStar team member about eligibility, conditions or exclusions.*
We offer a comprehensive vehicle service contract to help protect you from future unexpected, covered repair costs. You can also finance the extended warranty cost with your loan so that it is included in your monthly payment. Be sure to take advantage of this benefit available to ValleyStar members!**
Newly-purchased vehicles depreciate the second they’re driven off the lot – more than 20% after one year.^ When a vehicle is totaled in an accident or stolen and not recovered, you can owe more than the vehicle is worth. GAP is designed to cancel or reduce the difference between the insurance settlement and the loan balance. We offer valuable protection options including no exclusions for wear and tear, excess mileage or prior damage.†
Depreciation Protection (DPW) kicks in if your vehicle is ever totaled or stolen and not recovered at any time over the life of your loan. It waives some or all of your loan balance in the event of the total loss of your vehicle. The waiver benefit equals the difference between your vehicle's MSRP or retail value at the time of your DPW purchase, less the amount of your loan balance at the time of the total loss. (The benefit cannot exceed the DPW addendum limit or your outstanding loan balance at the time of the total loss.)
Features & Benefits
**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 WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago IL 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Coverage may not apply in all situations. Please review your contract for complete terms and exclusions. Replacement parts may be used or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy which will explain the exact terms, conditions, and exclusions of this voluntary product.
^Car Depreciation: How Much Value Will a New Car Lose? CARFAX, Nov. 9, 2018.
†Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) 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. Coverage may not apply in all situations. Please review your contract for complete terms and exclusions. 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 total amount financed and the interest you pay over time. You may cancel GAP at any time. If you cancel GAP within 90 days, you will receive a full refund of any fee paid. Terms may vary by state.*
