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Insurance
Through our business partners, Desert Energy Credit Union offers members various insurance and protection packages. We have select our business partners only after carefully researching the companies and their products. Some of our business partners, such a CUNA Mutual Insurance Group, provide insurance programs only to members of credit unions.
Life Insurance - Member CONNECT
Through CUNA Mutual Insurance Group, our members can purchase Life (whole life and term), auto and homeowners insurance products. For a free quote and additional information please call toll free 1-888-380-9287. From time to time, Desert Energy Credit Union members may receive mailings about some of the programs offered through MemberCONNECT. Please note, we are careful to guard your privacy. We do not sell our members names to anyone. The mailings you receive are sent by CUNA Mutual on behalf of the credit union. CUNA Mutual Insurance Group will not contact you by phone unless you request they call you.
Life/Credit Disability Coverage
If you become disabled or pass away, your family will have a lot to deal with. Wouldn't it be nice if paying off your loans wasn't one of those problems. By electing Disability Coverage on your loan(s) your monthly payment(s) (up to $700.00 per month per loan) will be covered after a 30 day waiting period, retroactive the first day of disability. If you elect Credit Life Coverage, your loan will be paid in full up to $40,000.00. After your loan is approved, the loan officer preparing your loan papers, will provide you with an estimate of your payments both with and without protection. For just a few dollars per month, you'll have peace of mind knowing that your credit union loan(s) will be paid if you should become disabled something happens to you. If you already have a loan with us and would like to add Credit Life and / or Disability Coverage please call 520-745-6488.
Guaranteed Asset Protection
Guaranteed Asset Protection (GAP) offers protection against financial liability in the event that your new or used vehicle is totaled, or stolen and not recovered. Although you maintain proper insurance liability limits, your comprehensive coverage may not be sufficient to cover your vehicle in the event of a total loss. An example: A one year old vehicle has a current value of $20,000.00, but has been totaled, or stolen and not recovered. Your insurance company, after subtracting your $1,000.00 deductible, pays a settlement of $19,000.00. Unfortunately, after one year your loan balance is $24,000, leaving you responsible for the difference of $5,000.00. GAP coverage pays the $5,000.00 difference, as well as providing you $1,000.00 towards a down-payment on another vehicle when financed with Desert Energy Credit Union.
GAP protects you against unexpected financial liability and helps maintain your credit rating, all for a very reasonable cost that can be added to your loan balance. Don’t let your auto insurance give you a false sense of security, please inquire about GAP when looking into your new or used Desert Energy CU auto loan.
Share Insurance
Your deposits at the Credit Union are insured up to $100,000.00 by the National Credit Union Administration, a federal government agency. Your Individual Retirement Accounts are insured separately up to $250,000.00. Depending upon how the account was established, titled, and your beneficiaries, your accounts may be insured for more than $100,000.00.
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