Loan Services

As a benefit of membership, The Local FCU provides you with several convenient loan services to help save you time and money. View the list below and take advantage of as many as you can!

Credit Life and Disability Insurance
The Local FCU offers you the opportunity to protect you and your family from two of life’s tragedies with Credit Life and Credit Disability Insurance Coverage. The cost for Credit Life and Disability Insurance is reasonable and will be quoted when you apply for a loan and added into your monthly payment. Certain eligibility qualifications must be met to purchase the insurance. Credit Life Insurance pays the insured balance of your loan, up to the policy maximum, helping ensure that your family won’t be left with a loan obligation in the event of your death. With Credit Disability Insurance your loan payments will be made if you become disabled and miss work from sickness or accident which persists beyond the policy waiting period up to the policy maximum.

GAP Protection
If your vehicle is totaled by your insurance company from an accident or is stolen and never recovered, GAP Protection pays the difference between the total net insurance settlement and what you owe on your loan. It is offered at the time of your vehicle purchase and is coverage that provides peace of mind for very little cost.

Mechanical Breakdown Insurance (MBI)
Need a way to protect your vehicle after the manufacturer’s warranty has expired? Mechanical Breakdown Insurance (MBI) is available at The Local FCU on new and used vehicles for various terms with no deductible. It has many benefits including; Nationwide Protection, 24-Hour Roadside Assistance for the term of the coverage, Rental Vehicle Assistance; among others, and is transferable if you sell your vehicle before your agreement expires. MBI at the credit union is usually much cheaper than an extended warranty at the dealership and can be added to your loan and included in your loan payment.

Dent Zone
Door dings are an eyesore that reduce the value of your vehicle and are costly at trade-in time. The Local FCU offers Dent Zone which is paintless dent repair that removes door dings and minor dents up to the size of a credit card. The coverage can be purchased on new and used vehicles 5 years or newer for terms of 3 or 5 years and can be used to repair existing dents. It is a great way to help your vehicle retain its value.

Enterprise Car Sales
The LOCAL FCU has teamed up with Enterprise Car Sales to make it easy for you to find the car you want at a price you can afford. To save on your next vehicle purchase, click on the Enterprise logo to be redirected to their website to find the vehicle that’s right for you. Click here to see available vehicles.

Nationwide Auto Insurance
As a member of the Local FCU you can save up to 30% a year on your automobile insurance. Whether you have a perfect driving record or a lapse in coverage, Nationwide is on your side!

NADA New and Used Car Values
NADA has reviews, photos, and 360 views to compare cars side by side. Click here for more information.