Loan Protection
Life is unpredictable, so it can be intimidating to know you’ll need to be able to make loan payments for a long period of time. Let U of I Community Credit Union help you boost your borrowing confidence and gain peace of mind! Protect your loan with one of our loan protection options.
Payment Plan Protection
How It Works
Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there’s Debt Protection, which may cancel your loan balance or payments in case of involuntary unemployment, disability, or death.
Eligible Loan Types
All loans are eligible with the exception of Single Pay Note, Resolution Loans, Visas, Mortgage, and those under $100,000 total loan amount, monthly payment amount is under $1,000.
Mechanical Repair Coverage for Vehicles
How It Works
Mechanical Repair Coverage protects you from having to pay out-of-pocket when your vehicle needs mechanical repairs. Your coverage includes services such as roadside assistance, battery replacement, transmission repair, etc. Covered services are based on the level of coverage that is purchased.
Eligibility
This coverage is available to most vehicles, even if you did not finance your vehicle with us. Members have the option to pay for the warranty out of pocket or finance it if approved.
Gap Plus Coverage for Vehicles
How It Works
If your vehicle is deemed a total loss due to an accident or stolen, there can be a significant gap between what you owe on your loan and what your auto insurance will cover. GAP may reduce or even eliminate that shortfall in the event your vehicle is deemed a total loss. GAP Plus helps you get into your next vehicle by reducing your next loan by $1,000. All of this only costs $599 and can be added to your loan or paid separately out of pocket.
Eligibility
This coverage is available for most vehicles financed with UICCU. Members have the option to pay for GAP out of pocket or finance it if approved.
Loans
Mortgage Loans
U & I are neighbors, so we give you the best home loans around to get ahead in this market.
Learn MorePersonal Loans
Special purchases, life events, and more…No matter what you need funding for, we’re here to help!
Learn MoreProtection when it matters… We are here to help!
In your time of need, our claims process is quick and easy. If you elected payment protection on your loan, you can use this convenient claims process to quickly and easily file your claim for any of the following Payment Protection Products:
- Life
- Terminal Illness
- Accidental Dismemberment
- Hospitalization
- Family Medical Leave
- Loss of Life of a Dependent
- Disability
- Involuntary Unemployment
Click here to fill out a claim form
If you prefer, call 1-800-621-6323 to begin the process and a CUNA Mutual Group Claims Specialist will guide you through the process.