Auto Loan Services
At First Pioneers Federal Credit Union, We Have Various Services Which Go Hand in Hand with Vehicle Loans
We do not sell these services directly, but we have teamed with suppliers that do. We believe these suppliers to be reputable, and we believe that they offer products that have excellent cost/benefit provisions. When members agree to purchase such products, they become customers of the supplier, and the credit union is no longer directly involved.
Extended Warranty
An extended warranty policy is available through IWS insurance on new or used cars (with some restrictions). The level of service that is provided generally exceeds those policies which are sold through dealerships and the cost is generally substantially lower. Contact a loan officer for more information.
GAP Insurance
One of the problems that face car owners is that sometimes, the retail value of their automobile may be less than their loan balance. In the industry, we call that being “upside down.” Usually, that doesn’t present a problem unless you trade the vehicle in or it is “totaled” in an accident. To prevent this situation from happening, we have partnered with CUNA MUTUAL who provides insurance coverage. This is a true gap insurance policy. If your vehicle gets wrecked and your insurance company gives you less than you owe on your loan, the gap insurance will cover the difference. This makes it easier for you to replace your vehicle.
Auto Insurance
We do not sell auto insurance at the office, but we have an outlet available through CUNA Mutual insurance if you need assistance.