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Loan Protection

Protect your assets, and your finances, from the unexpected with our options of loan protection plans. Talk to your Loan Officer about adding one or more of these protection plans to your loan payment.

Guaranteed Asset Protection (GAP)

The second you drive your vehicle off the lot, it drops in value. If your vehicle is stolen or damaged and deemed a total loss, you’re responsible to pay the difference between what you owe PFCU and what your insurance company says your vehicle is worth.

With GAP, you can help bridge the “gap” between the amount you owe and the amount your insurance company will pay on your behalf. GAP provides protections on both new and used vehicles.


  • Protection up to 84 months
  • GAP will help cover your deductible if there is a “gap” after the primary insurance settlement is paid*
  • The GAP premium can be added to your loan with minimal effect on your monthly payment, and it can be added after the loan closes

* Deductible is covered as part of the deficiency balance and is not paid directly to the borrower


Depreciation Protection

If you desire the peace of mind that comes from knowing the money you invested in your auto is protected, then you may want to consider Depreciation Protection Waiver* (DPW).

If your auto is ever totaled or stolen and not recovered at any time over the life of the loan, DPW will kick in and help by waiving some or all your loan balance in the event of the total loss of your auto. The waiver benefit is equal to the difference between your auto’s MSRP or retail value at the time of DPW purchase, less the amount of your loan balance at the time of total loss. (The benefit cannot exceed the DPW addendum limit or your outstanding loan balance at the time of total loss.)


  • Benefit triggered by collision or comprehensive total loss, including theft
  • Life of loan protection
  • No mileage, make, or year restrictions
  • 100% refundable in the first 60 days

Ideal for those who

  • Put money down or have equity in the vehicle
  • Make accelerated loan payments
  • Desire protection from vehicle depreciation

* Maximum Waiver benefit can vary depending on level of protection selected and/or offered.


Debt Protection

Life is unpredictable. You may worry about unexpected, real-life events that could leave you scrambling to pay your monthly bills. Debt Protection can give you peace of mind by helping to relieve financial pressure. With Debt Protection, your loan or monthly loan payments may be cancelled up to a maximum amount. You select the plan that provides protection due to death, disability, or involuntary unemployment.


  • Single and joint coverage
  • Safeguard your family’s financial security
  • Preserve your credit rating


  • Add to your monthly payment
  • Simple claims process


  • Protection to age 70
  • A few eligibility questions only, no medical exam

* Your purchase of any of the above ancillary products is optional – whether or not you purchase any of these products will not affect your application for credit or the terms of any existing credit agreement you have with us.