Lending Solutions: Collateral and Payment Protection Packages

Mechanical Repair Coverage

Mechanical Repair Coverage is available at time of vehicle purchase or may be purchased at a later time. This coverage is designed to protect you form high cost repairs and give you peace of mind when you are on the road.

• Multiple levels of coverage, mileage and deductible options available
• Rental Car reimbursement
• Towing reimbursement
• Emergency travel expense reimbursement
• 24-hr, toll free roadside assistance
• Coverage is transferable
• Available on new and used vehicles
• Purchase price can be added to the loan

Guaranteed Asset Protection

Protect your assets and finances with Guaranteed Asset Protection Coverage. This coverage will pay the difference between your primary insurer's settlement and the remaining loan balance (up to the retail value of the asset) in the event of theft or total loss. Protection available for cars, trucks less than 1 ton, vans, motorcycles, ATV's, snowmobiles, personal watercraft (Jet Ski, Wave Runner, etc), boats and RV's.

• Coverage up to 84 months allowing you longer financing and lower payments
• Lower cost purchase price compared to purchase price at dealers:
  Auto $199.00
  Powersports (ATV, snowmobile, personal watercraft) $299.00
  Boats $299.00
  RV $399.00
• No cancellation fees - prorated refund upon cancellation
• 90-day "free-look" - full refund if cancelled within first 90-days
• Insurance backed by A.M. Best - "A" rated carrier
• Loan to value ratios up to 125% in most cases
• Coverage available up to $50,000 loan amount and up to $100,000 purchase price for motor vehicles & powersports, $125,000 for RV's and $50,000 for boats.

Credit Life Insurance / Credit Disability Insurance

When tragedy strikes, the last thing you and your family should have to worry about is making loan payments. With Credit Life and/or Disability Insurance from PNWFCU, you won't have to. If you become disabled, our valuable disability protection covers your loan payments. Your credit rating will be maintained and your assets will be secure. Credit Life coverage can even completely pay off your loan in the event of your death.

If you are the primary or co-borrower on a PNWFCU loan, and are under 70 years old, you are eligible for Credit Life coverage. In addition, if you are actively employed at least 25 hours a week, you are eligible for Credit Disability coverage. Coverage is available for both conventional and open-ended loans.

• Low monthly premium per $1000 of outstanding loan balance, included in monthly payments
• Coverage up to $50,000 loan amount
• Monthly benefit maximum of $800
• Terms of up to 120 months

And, coverage for both credit life and disability is available for as little as $2.05 per $1000 borrowed.

Use our loan calculator to determine your loan payments with Credit Life and Disability included!