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Loan Protection

fully protect your loan to plan for the unexpected

RGFCU offers a variety of loan protection products to cover you when the unexpected happens. AD&D basic coverage is available to all members, but enrollment is required. Payment Protection products are available for all consumer, HELOC, and credit card loans. Other products listed below are specific to auto loans including motorcycles, boats, and RVs. For payment protection on mortgage loans, we recommend Term or Whole Life insurance (see Other Insurance section for more details).

To learn more about the products listed on this page, or to see how much it will cost to have the peace of mind for a fully protected loan, we have an easy to use estimator you can access below.

Payment Protection Estimator

debt protection with life plus

Does your family have a safety net if the unexpected hits?
Help protect your family against the unexpected.

Life can be wonderful. But it can also get complicated when unexpected things happen. Protecting your loan balance or loan payments against death, disability or involuntary unemployment could help protect your finances.

Life Plus adds protection for financially-stressful life events such as accidental dismemberment, terminal illness, hospitalization, and the loss of life of a non-protected dependent.

This protection could cancel your loan balance or loan payments up to the contract maximums. Protect your loan payments today so you can worry less about tomorrow.

It’s simple to apply for RGFCU Debt Protection Coverage. It’s voluntary and won’t affect your loan approval. Call RGFCU at 866-852-6478 and ask about protecting your loan payments today.

Disclosure: Your purchase of RGFCU Debt Protection Coverage with Life Plus is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Member Agreement for a full explanation of the terms of RGFCU Debt Protection Coverage. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. Unique ID & Copyright DP-2098935.1-0418-0520© CUNA Mutual Group 2018, All Rights Reserved.

GAP plus Coverage with deductible assistance

Don’t let a wrecked vehicle wreck your finances.

Guaranteed Asset Protection (GAP) is a great way to protect your finances if the value of your vehicle is less than the amount of your car loan. A good rule of thumb is to assume your new vehicle will depreciate more than 20% after the first year you own it, half of which occurs the minute you drive it off the lot.* This leaves a gap between what you owe on your loan and the value of your vehicle if it’s deemed a total loss due to an accident or theft. Our GAP program may reduce or eliminate the gap between what your vehicle insurance will pay and what you owe on your loan.Plus, it helps you get into your next vehicle by reducing your loan at the credit union by $1,000.

Our GAP Plus program includes Deductible Assistance which is designed to provide financial relief when your vehicle is damaged but not deemed a total loss. If repairs cost more than your deductible, the deductible amount is applied to your vehicle loan at the credit union, reducing what you owe. Contact us today to learn more about adding GAP Plus with Deductible Assistance to your vehicle loan so you can worry less about tomorrow.

Disclosure and source: *Car Depreciation: How Much Value Will a New Car Lose? CARFAX, Nov 9, 2018.Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP), which includes deductible assistance, is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP purchased from state chartered credit unions in FL, GA, IA, RI, UT, VT, and WI, may be with or without a refund provision. Prices of the refundable and non-refundable products are likely to differ. If you choose a refundable product, you may cancel at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in CO, MO, or SC may be canceled at any time during the loan and receive a refund of the unearned fee. GAP purchased from state chartered credit unions in IN may be with or without a refund provision. If the credit union offers a refund provision, you may cancel at any time during the loan and receive a refund of the unearned fee.GAP-2488407.1-0419-0521 © CUNA Mutual Group, 2019. All Rights Reserved.

mechanical repair coverage

The miles can add up, but the repair costs don’t have to.

Whether you depend on your vehicle for work or getting your family to school and activities, you need transportation that’s safe and reliable. The older your vehicle, the more it takes to keep it in good working order. Not making small repairs can lead to even more expensive repairs. Ignoring repairs can be dangerous.

Mechanical Repair Coverage (MRC) can help deflect some of those costly covered repairs while keeping your vehicle running extra miles and extra years. With various coverage levels and deductibles to choose from, there’s a plan to fit your family’s budget.

Benefits for covered repairs:

  • Limit repair costs to your deductible, if any.
  • Choose your deductible: [$0, $100, $250, or $500].
  • Rental reimbursement up to $35/day for 5 days (up to an additional 5 days with verified parts delay) from day one.
  • 24-hour emergency roadside assistance up to $100 per occurrence. Includes towing, battery jumpstart, fluid delivery, flat tire assistance & lockout service.
  • Travel reimbursement up to $200 per day for 1-5 days for food, lodging & transportation expense, when a covered breakdown occurs 100 miles or more from home. (Not available to NY residents.)
  • Good at any authorized repair facility in the U.S. or Canada.
  • No out of pocket expense except any deductible. Plan pays the repair facility.
  • Transferable to increase resale value. Only if sold privately. Subject to transfer fee.
  • Cancel for full refund within 60 days. A full refund is available only if coverage is unused in the first 60 days. If used or cancelled after 60 days, refund is prorated less administrative fees. Cancellation administrative fees vary by state.

Ask an RGFCU representative for details or get a quote by calling 866-852-6478.

Disclosure:Mechanical Repair Coverage is provided and administered by Consumer Program Administrators, Inc. in all states except CA, where coverage is offered as insurance by Virginia Surety Company, Inc., in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., in FL, LA , and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc. In CA, where Mechanical Repair Coverage is offered as insurance (form MBIP 08/16), it is underwritten by Virginia Surety Company, Inc. Coverage varies by state. Replacement parts may be used or remanufactured. Be sure to read the Vehicle Service Contract or the Insurance Policy, which will explain the exact terms, conditions, and exclusions of this voluntary product.Unique ID & copyright:MRC-2425078.1-0219-0321 © CUNA Mutual Group 2019, All Rights Reserved.

accidental death and dismemberment (AD&D)

Accidents can happen anytime. Don't leave them unprepared.

Imagine it’s Friday, and your paycheck isn’t there. If a serious or fatal accident struck, your family’s life could change in a heartbeat. In fact, if you’re 44 or under, accidents are the leading cause of death.*

Fortunately, you’re entitled to $1000 of no-cost TruStage® Accidental Death and Dismemberment Insurance—an exclusive member benefit paid for by RGFCU. AD&D is underwritten by CMFG Life Insurance. AD&D Insurance can pay your beneficiary a cash benefit if you die in an accident. It also pays benefits if you are hospitalized or suffer dismemberment due to a covered accident.

You can activate your no-cost coverage in just three minutes. And your acceptance is guaranteed—with no heath questions or exams—so it can be easy to get this coverage for yourself or your entire family. Once you enroll, AD&D Insurance pays a cash benefit to your beneficiary if you die from a covered accident or you suffer a covered serious injury. Credit union members ages 18 and over can also choose to increase their protection (Member Only Plan) or their family's (Family Plan) with up to an additional $300,000 in coverage.

Because accidents can happen anytime, there’s no better time to help protect the people who matter most.

*Accident statistic from National Vital Statistics System, National Center for Health Statistics, CDC 2017.

TruStage® AD&D Insurance is offered by TruStage Insurance Agency, LLC and underwritten by CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.

Base Policy Series E10a-014-2012, E10a-ADD-2012 and E10a-015-2012, ADD-2018-POL, 2018-ADD-POLRDR-CR, 2018-ADD-POLRDR-CNR


collateral protection insurance (CPI)

Collateral protection insurance (CPI) sometimes referred to as “lender placed” insurance, only gets added when a member has a loan on a vehicle, boat or RV and either cancels or lapses the insurance coverage. Because RGFCU want to protect our interest in the asset, the law allows us to purchase this insurance on your behalf and add the cost of the coverage to the balance of your loan. This coverage is typically much more expensive than a policy you could obtain on your own, and it does NOT provide state minimum coverage for you to operate your vehicle on the roadway. The policy only covers the vehicle up to the amount of the loan and you are legally obligated to pay for it. No liability coverage is included for the driver. Collateral protection terms and conditions are found in in the contracts for all of our auto loans, and we will send multiple reminders that we need proof of your own coverage before we force place a CPI policy. It's very important to check all mail received from the credit union when you have a vehicle loan. Notices will always come in writing.

To submit proof of insurance (only one method is required):
  • Submit proof online
  • Fax a copy of your Declarations Page to: 877-715-9441
  • Mail a copy of your Declarations Page to: R-G FCU, Attn: Insurance Department, PO Box 924538 Fort Worth, TX 76124

For questions, please call 1-888-414-9346; open Monday through Friday, 8 a.m. to 5 p.m.

other insurance products

Looking for other insurance coverage for your auto, home, life, or health? Visit our Insurance page to see all of your options through our unique partnership with TruStage® Insurance Agency, LLC and CMFG Life Insurance Company.

TruStage® insurance products and programs are made available through TruStage Insurance Agency, LLC. Life insurance and AD&D insurance are issued by CMFG Life Insurance Company. Auto and Home Insurance Program is issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

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