We offer amazing products to protect your loans and assets.
Debt Protection Program
Protect your family against the unexpected. LoanProtect could protect your loan payments and could cancel your loan balance or payments up to the contract maximums. LoanProtect offers protection in the event of:
- Death
- Disability
- Involuntary unemployment
Additional protection is available through Life Plus, which adds protection for life events, such as accidental dismemberment, terminal illness, hospitalization, family medical leave and the loss of a non-protected dependent.
Purchasing LoanProtect is voluntary and won’t affect your application for credit or loan approval. To apply, contact a ValleyStar team member about eligibility, conditions or exclusions.*
Mechanical Repair Coverage (MRC)
We offer a comprehensive vehicle service contract to help protect you from future unexpected, covered repair costs. You can also finance the cost of MRC with your loan so that it is included in your monthly payment. Be sure to take advantage of this benefit available to ValleyStar members!**
Features & Benefits
- Different terms/deductibles available to meet your needs
- Helps lighten the sudden financial burden that comes with unexpected vehicle repairs
- Especially valuable with higher-mileage vehicles
Guaranteed Asset Protection (GAP)
Newly-purchased vehicles depreciate the second they’re driven off the lot – more than 20% after one year.^ When a vehicle is totaled in an accident or stolen and not recovered, you can owe more than the vehicle is worth. GAP is designed to cancel or reduce the difference between the insurance settlement and the loan balance. We offer valuable protection options including no exclusions for wear and tear, excess mileage or prior damage.†
Contact Us*Your purchase of LoanProtect 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 LoanProtect Contract for a full explanation of the terms of the program. 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.
**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 IL 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.
^Car Depreciation: How Much Value Will a New Car Lose? CARFAX, Nov. 9, 2018.
†Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP) 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.
