Other Services

Debt Protection

Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Member Debt Protection can help relieve financial pressure in the event of death, disability and/or involuntary unemployment.

With Member Debt Protection, your loan balance will be cancelled or your monthly loan payments suspended without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected.

Community Schools Credit Union

Choose from the six plans listed below:

Plan Options Death Disability Involuntary Unemployment Involuntary Unemployment
        Single Joint
Consumer          
1 X X X 2.91 5.33
2 X X   1.76 3.14
3 X X   0.57 0.90
Real Estate          
4 X X X 1.27 2.31
5 X X   0.76 1.35
6 X     0.23 0.36

Availability

Member Debt Protection is available for:

Consumer — Closed-end consumer loans if the loan has a term of 120 months or less; open-end consumer credit plans and unsecured lines of credit; credit cards.

Real Estate — Closed-end home equity loans (e.g. second mortgages) that are 120 months or greater; home equity line of credit plans.

Eligibility

There are eligibility requirements, conditions, and exclusions that apply to this program. Please contact us for additional details about the Member Debt Protection program.

Definitions of coverage

Death — Give your family time to get back on their feet financially.

  • Consumer (Plans 1, 2 and 3) — Cancels the remaining loan balance as of date of death (up to $75,000).
  • Real Estate (Plans 4, 5 and 6) — Cancels up to 12 payments (up to $1,500/month).

Disability — Help avoid bills piling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work (which usually only covers 60 percent of pay).

  • Consumer (Plans 1 and 2) — Cancels up to six payments per occurrence (up to $1,000/month and a maximum aggregate benefit of $15,000/borrower).
  • Real Estate (Plans 4 and 5) — Cancels up to six payments per occurrence (up to $1,500/month and a maximum aggregate benefit of $18,000/borrower).

Involuntary Unemployment — Ensure that one of your major monthly expenses will be taken care of as you search for new employment.

  • Consumer (Plan 1) — Cancels up to three payments (up to $1,000/month and a maximum aggregate benefit of $15,000/borrower).
  • Real Estate (Plan 4) — Cancels up to three payments (up to $1,500/month and a maximum aggregate benefit of $18,000/borrower).

No obligation for 30 days

When you apply for Member Debt Protection, you have 30 days to review your plan. If you are not satisfied with the program, or if your situation changes, you can cancel it at any time. Any fees paid will be refunded if you cancel within the first 30 days.

A benefit for you

We’ve designed our Member Debt Protection program to fit the times we live in today. More than ever, we all worry about things that might happen tomorrow. Member Debt Protection provides an important sense of financial security knowing your loan will not become a burden to you in times of hardship. Please consult with one of our representatives to discuss our Member Debt Protection program in more detail.

GAP Protection

Protect Your Vehicle Investments, Not Just It’s Value

The GAP Advantage is an optional benefit that gives you further peace of mind. If the vehicle you are now purchasing ever becomes “totaled,” or is stolen and not recovered, GAP Advantage provide you with an additional $1,000 toward the purchase or lease of a replacement vehicle. Not only will you receive the difference between the value of your vehicle and its unpaid loan or lease balance. You also get a head start on financing or leasing a new or used replacement vehicle when you finance or lease through CSCU.

The GAP Advantage

The following is a typical example of how GAP Advantage comes through for you:

Original purchase price $25,000
Loan balance after one year $20,000
Insurance settlement covering vehicles current value $16,000

Your lost investment without GAP:

Your remaining unpaid loan balance (the "gap") $4,000
(Including your deductable, up to $1,000)  
GAP waives the difference $4,000
GAP Advantage provides you with the following toward a replacement vehicle $1,000
Total GAP Advantage Benefit $5,000

Powertrain Warranty

The Choice Engine and Transmission Warranty is an easy, straight forward and uncomplicated Protection Program for vehicles not covered by a warranty. It provides you with protection on all internally lubricated engine and transmission parts including the water pump. This a fully insured Product warranty program backed by an A Rated Insurance Company

Program Includes

  • 5Years or 100,000 miles of coverage
  • All vehicles are eligible REGARDLESS OF ODOMETER READING
  • 90 day and 1,000 mile initial exclusion period to assure program integrity

Benefits: (Up to $6,500)

  • Engine up to $3,000 toward the repair or replacement of all internally lubricated parts, including block and heads if failure due to pistons, piston rings, piston pins, crankshaft and main bearings, rod and rod bearings, timing chain and gears, intake and exhaust valves, valve springs oil pump push rods, rocker arms, lifters, rocker are shafts and water pump.
  • Transmission up to $2,000 toward the repair or replacement of internally lubricated parts including torque converter, oil pump, governor, bands, drums, planetaries, sun gear and shell, sprag(s), bearings, shift rail, forks, synchronizers, etc.
  • Transfer Case* up to $1,500 toward the repair or replacement of internally lubricated parts.
    • *With surcharge only
  • Towing up to $75 and Car Rental up to $100 per occurrence.

Treatment Product Package

  • Mailed directly to you within 7 days of registration.
  • THE CHOICE treatment product.
  • Clear and easy to understand instructions guide you to simply pour the Treatment Product into the cooling system overflow reservoir.
  • Customer Satisfaction Survey card to provide feedback to help better service you.

Come in today for more information.