Credit Insurance

Altura Credit Union offers several insurance options with your loans. These insurance premiums can be added onto the payment of the loan and help provide that added protection for your purchases and your payments.

The credit insurance programs Altura offers are:

Debt Cancellation

This policy protects your credit record in the event that you become unemployed, totally disabled and in the event of an untimely death. The insurance will continue to make your monthly loan payment up to the maximum the policy provides.

Available with auto loans

Mechanical Breakdown Insurance (MBI)

You can insure your new or used vehicle against mechanical failure when you purchase MBI. This policy protects you against high repair bills and lets you choose the mechanic.

GAP Insurance (Guaranteed Asset Protection)

This protects you against financial loss in the event your vehicle is totaled or stolen. GAP will pay the difference between the loan balance and what your insurance company will cover. You can add GAP to your vehicle up to one year after the effective date of your Altura auto loan.

For more information, visit your local Altura branch, or call Member Service at 1-888-883-7228.