Loan Enhancement Options

MEMBER’S CHOICE™ Borrower Security

DCECU’s MEMBER’S CHOICE™ Borrower Security1 is a voluntary loan-payment protection product that helps preserve your family’s standard of living and gives you relief from financial burdens if a protected life event such as disability, loss of life, or involuntary unemployment happens to you.

Call our Consumer Loan Department at 800.835.7794 or 989.835.7794 and ask about protecting your loans today.

Guaranteed Asset Protection (GAP)

GAP is a debt protection product that covers or reduces the cost of an outstanding loan that may not be covered by your insurance company should your vehicle be totaled or stolen.2

DCECU offers GAP PLUS! If there is a total loss or unrecovered theft loss of the vehicle and you finance a replacement vehicle from the credit union within 120 days after the Primary Insurance Company issues a settlement check, the first $2,500 will be canceled on your new loan.

If purchased during loan origination, GAP may be able to be added to the loan. Otherwise, GAP can be purchased any time during your loan by simply stopping in or contacting us.

Skip-A-Pay

Trying to catch up financially? DCECU understands that sometimes you are in need of extra funds to make ends meet. Skip-A-Pay allows you to skip one payment on your qualified loan each calendar year, up to six (6) times per loan. There is a non-refundable application fee of $25 per request.

In order to take advantage of Skip-A-Pay you will need to fill out an application. For more information, check the FAQs or contact us.

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  1. Your purchase of DCECU’s MEMBER’S CHOICE™ Borrower Security 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 DCECU’s MEMBER’S CHOICE™ Borrower Security. ↩︎

  2. 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 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 GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. ↩︎