At Downeast Credit Union, we create opportunities through loans and other accessible products that help to enhance our members financial wellness and allowing them to live life to the fullest. By offering additional products for your loans, we give our members the ability to protect your families, your credit, and your assets. Not to mention, you’ll have peace of mind knowing that when one of life’s unforeseen circumstances arises, you don’t have to worry about late payments, costly auto repairs, etc.
Products available to our members:
GAP PLUS is Total Loss Protection…and then some.
The moment you drive your vehicle off of the lot, it depreciates about 20% on average. And you can count on roughly a 15% decline in value each year for the next four years. If your vehicle is stolen or damaged and deemed a total loss, you are responsible to pay the difference between what you owe and what your insurance company says your vehicle is worth.
GAP PLUS can help cover the difference and potentially save you thousands of dollars.
What is the “PLUS”? The “PLUS” is the additional benefit of a $1,000 deduction toward your next vehicle loan at this institution if financed within 90 days of the GAP claim settlement.
Getting protection in the event of a total loss is easy! Most types of vehicles are eligible, and you can generally include GAP PLUS coverage in your vehicle loan payment.
View the GAP PLUS brochure here.
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Downeast Credit Union has partnered with CU Certified to offer our members first-class Vehicle Service Contract options for purchase. Cover your vehicle and reduce the cost of future repairs…just think of the savings!
CU Certified provides Best in Class automobile mechanical breakdown coverage. CU Certified pays for the replacement of covered part(s) and the labor to install the failed covered part(s). We like to call CU Certified the “Real $0 Deductible Contract” as our program pays for diagnostics, taxes, fluids, and filters in conjunction with covered repairs. National acceptance, trip interruption, wrap coverage, and 24-hour roadside assistance are some of the ancillary benefits of coverage. Is your ride CU Certified? View Vehicle Service Contract brochure
Protects members against the rough road ahead as an available surcharge to the CU Certified vehicle service contract. This enhancement covers the member for up to $1000 per incident with a $4000 coverage aggregate claims limit on their tires and/or wheels with a $0 deductible. Potholes, nails, broken glass, and road debris no longer need to be a costly out of pocket repair for credit union members. View Tire and Wheel Protection Agreement
Pays the potential deficiency balance between the contract holders loan balance and insurance company’s actual cash value assessment of the contract holders vehicle if the vehicle is totaled or stolen an unrecovered for thirty days. Covers the contract holder’s insurance deductible up to $1000.
Best in class powersports mechanical breakdown coverage for the member. CU Certified pays for the replacement of covered part(s) and the labor to install the failed covered part(s) on members powersports units. ATVs, UTVs, personal watercraft, motorcycles, and snowmobiles…we have you covered! View Powersports Service Agreement View Motorcycle Service Agreement Brochure
Protecting your loan payments in the event of unplanned events such as death, disability or involuntary unemployment, our debt protection program may cancel your loan balance or monthly loan payments* if you experience a protected life event.
“My husband and I had Debt Protection on 5 loans with DECU. When my husband went out on permanent disability, Debt Protection paid $1,500 a month for 12 months. In all, Debt Protection covered $18,000 while my husband was disabled. Sadly, my husband passed. But, the death coverage then paid off our VISA balance of $3,868.
Without Debt Protection, we would have struggled immensely to pay our bills and would have had to sell things that we had worked so hard to acquire.
Thank you DECU for an awesome product!” – Member
Stop worrying about having the funds available to help pay off or reduce your mortgage in the event of your death — apply for Mortgage Life Insurance today. Learn more about Mortgage Life Insurance.
Mortgage Disability Insurance is a monthly pay disability plan for mortgage related loans designed for today’s homeowners. This protection is created to provide benefits if you are unable to earn a living due to a covered sickness or injury. Benefits are applied directly to your mortgage payments and are subject to the coverage amount chosen and policy limits. Learn more about Mortgage Disability Insurance.
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1-800-427-1223
Routing Number: 211288996
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