Guaranteed Asset Protection (GAP)
Fill In The Gap On Your Next Vehicle Loan!

There could be a big difference between what your insurance will pay and what you owe on your loan.

Most cars depreciate by thousands of dollars as soon as they are purchased. And if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared as a total loss, you are still liable to pay the difference, the "gap" between your insurer's settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purposes, no longer exists.

What are the chances of your vehicle being stolen or wrecked?
You probably assume that in the near future, you'll still have the car or truck you're purchasing at this time. But that may not be the case. Your vehicle could be stolen or totaled in an accident. Consider these facts:

• Auto theft is an estimated $7.8 billion industry, with a theft taking place very 27 seconds. (Courtesy: Insurance Information Institute, 2000)
   
• Nearly half of all stolen vehicles (46.9%) are not recovered yearly in the U.S. (Courtesy: FBI Uniform Crime Report, 2000)
   
• There were an estimated 6,394,000 police-reported vehicle crashes in 2000. (Courtesy: National Highway Traffic Safety Administration, 2000)

MEMBER'S CHOICE Guaranteed Asset Protection (GAP) could save you thousands of dollars.
GAP is low-cost coverage that pays the potentially high-cost difference between your insurance settlements and your loan balance on items directly related to the purchase of your vehicle.

GAP - low-cost protection for high-cost losses.
For just a few dollars a month, GAP can save you from making loan payments on a car, truck, or other vehicle that's beyond repair, or stolen and not recovered.

It's easy to be covered.
You can sign up for GAP when you apply for your vehicle loan. There's no underwriting, no red tape, no hassles. And for your convenience, the amount can be rolled into your monthly loan payment.

Refundable feature.
GAP is fully refundable if you cancel the coverage within the first 60 days, and is partially refundable anytime thereafter.

Ask about GAP for your next vehicle loan. GAP provides security for financial loss and includes:

• Protection for the term of your loan, up to 84 months.*
• Coverage for vehicles valued up to $100,000 at time of purchase.
• Payment of benefits up to $50,000.
• Coverage for auto insurance deductibles as part of the GAP claim settlement up to $1,000 and where allowed by law.
• Benefits for new or used vehicles, including cars, light trucks, motorcycles and some other motorized vehicles.
• GAP Plus coverage, which includes up to $1,000 down payment credit toward a replacement vehicle, where allowed by law and when financed by your credit union.

Make sure you fill the GAP!
Protect your family, your car and your credit rating with MEMBER'S CHOICE protection solutions. Contact your loan officer for a quote!

*Protection up to 72 months in Michigan.

The information shown here is intended to provide a general outline of the benefits of MEMBER'S CHOICE Guaranteed Asset Protection (GAP), and should not be relied upon as providing all benefits and limitations when purchasing this protection. Be sure to carefully read your MEMBER'S CHOICE GAP waiver or policy/certificate of insurance for complete details, including any coverage limitations.

Mechanical Repair Coverage (MRC)
Eliminate the Cost of Unexpected Repairs

SLCU is proud to offer high quality, comprehensive auto mechanical repair coverage at a price typically lower than dealerships. MRC pays for the cost of parts, labor and tax for any covered repair to your vehicle. It provides needed protection at the time your vehicle is most likely to require repairs.

MRC is available in three levels of coverage: Platinum, Gold, and Silver. Here are some of the features of MRC:

• Roadside assistance
• Car rental reimbursement
• Towing reimbursement
• Emergency travel expenses

With MRC you can choose the coverage you need. These are some of the options you receive:

• Deductible options
• Repair facility paid directly
• Transferable when you sell the vehicle
• 30 day free look

Just look at some of the benefits of MRC:

• Saves money
• Protects savings
• Protects credit rating
• Increases vehicle resale value
• Provides worry-free driving

Contact your Loan Officer for more details on how MRC can save you money on your next vehicle purchase.