Welcome Federal Credit Union - Insurance Options

Insurance Options

Welcome Federal Credit Union offers members a variety of optional protection and insurance products to help protect your assets and guard your family's well being. Below is a brief description of some of these products.

We have an insurance tracking service provided by Evans, Simpson & Associates, Inc. You may receive a letter from us asking you to provide proof of valid insurance coverage on the vehicles and/or mortgages you have financed through WFCU. To prevent insurance premiums from being added to your existing loan balance, it is important that you follow the instructions in the letter and provide the requested information. The insurance tracking customer service center can be reached at 1-800-635-5142 or visit the web site at: www.wehaveinsurance.com.
Welcome Federal Credit Union has a joint marketing agreement with CUNA Mutual Insurance Society called MemberCONNECT™ to offer comprehensive and affordable insurance products to our members. Direct marketing pieces with insurance information are mailed to your home address. CUNA provides guidance to the right financial solutions based on your situation. CUNA Mutual Insurance Society is a part of the CUNA Mutual Group and has been serving credit unions and their members for over 65 years. You can voluntarily 'opt out' of these mailings by notifying your branch.
Welcome Federal Credit Union is insured by National Credit Union Administration (NCUA) Share Insurance. Not one penny of insured savings has ever been lost by a member of a federally insured Credit Union.

http://www.ncua.gov/DataApps/Pages/SI-Tools.aspx

http://www.ncua.gov/Legal/GuidesEtc/GuidesManuals/NCUAYourInsuredFunds.pdf

Insurance Coverages and Protections

MEMBER'S CHOICE® Credit Disability Insurance and MEMBER'S CHOICE® Joint Credit Disability Insurance

Optional MEMBER'S CHOICE® Credit Disability Insurance is offered on most loan accounts with WFCU. MEMBER'S CHOICE® Credit Disability Insurance is a way to help protect your loan. There's no way anyone can predict a total disability due to injury or illness, but you can take steps along with way to make sure your family is provided for if the unforeseen were to happen to you. MEMBER'S CHOICE® Credit Disability Insurance may help make your loan payment when you and your family need it most.*
The premium is included in your monthly loan payment. If you have a balance on your loan at the time of a total disability, MEMBER'S CHOICE® Credit Disability Insurance may help.*
Optional MEMBER'S CHOICE® Joint Credit Disability Insurance is also offered on most loan accounts with WFCU. MEMBER'S CHOICE® Joint Credit Disability Insurance is a way to help protect your loan in a dual income household. For many families living paycheck to paycheck, a total disability due to injury or medical-related illness would create a financial hardship. MEMBER'S CHOICE® Joint Credit Disability Insurance is a way to prepare for the unexpected. It may help pay your loan, so you or your loved one can focus on getting better.*
The premium is included in your monthly loan payment. If there is a balance on your loan and either borrower becomes totally disabled due to a covered injury or illness, MEMBER'S CHOICE® Joint Credit Disability Insurance may help.*

The premium is included in your monthly loan payment. If there is a balance on your loan and either borrower becomes totally disabled due to a covered injury or illness, MEMBER'S CHOICE® Joint Credit Disability Insurance may help.*
Some disability insurance pays only a fraction of your salary, and that's if you qualify. MEMBER'S CHOICE® Credit Disability Insurance and MEMBER'S CHOICE® Joint Credit Disability Insurance may help make your loan payments while you're totally disabled due to a covered illness or injury.*

MEMBER'S CHOICE® Credit Life Insurance

Optional MEMBER'S CHOICE® Credit Life Insurance provides you with a way to plan for an unanticipated financial hardship from an unexpected death. There's no way to predict an unexpected death, but you can take steps along the way to make sure your family is provided for if the unforeseen were to happen to you.
The premium is included in your monthly payment. If you have a balance on your loan, in the event of your unexpected death, MEMBER'S CHOICE® Credit Life Insurance may help.*

*Up to your policy maximums per terms and conditions and exclusions on your Credit Insurance Certificate.

Be sure to read the Credit Insurance Application and Credit Insurance Certificate which will explain the exact terms, conditions, and exclusions of the policy.

Only a licensed insurance agent may provide consultation on your insurance needs. This is a voluntary insurance product. Your financing outcome is not based on your selection of this product. Claims may be filed by contacting your WFCU Loan Officer.
CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.
MEMBER'S CHOICE® Credit Life and Credit Disability Insurance and MEMBER'S CHOICE® Joint Credit Disability Insurance are underwritten by CMFG Life Insurance Company.

MEMBER'S CHOICE® Auto & Homeowners Insurance Program

You trust Welcome Federal Credit Union to provide you and your family with quality products and services to meet your financial needs. We've joined with a dedicated team of insurance professionals to bring you the MEMBERS® Auto & Homeowners Insurance Program.
The MEMBERS® Auto & Homeowners Insurance Program is the property and casualty coverage solution designed just for credit unions and their members.

Access convenient e-service, pay you bill or make changes to your policy, even report a claim.
Receive fast, easy access to claims service 24 hours a day.
Obtain a free, no-obligation quote at www.membersautohome.com

The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverages and limitations. The insurance offered is not a deposit and is not federally insured. This coverage is not sold or guaranteed by WFCU.

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MEMBERS CHOICE® Guaranteed Asset Protection

Guaranteed Asset Protection PLUS (GAP) is designed to cancel the potentially high-cost difference between a vehicle's actual cash value and your loan balance according to provisions and conditions set forth in the waiver. GAP helps provide financial security in the event that your vehicle is totaled. If your vehicle is stolen and not recovered or damaged beyond repair, GAP helps take care of the difference between the auto insurance settlement and the remaining loan balance.

GAP Plus protection also includes $1,000 toward your replacement vehicle loan (where allowed by law and when financed by WFCU).

It's easy to be covered. You can sign up for GAP when you apply for your vehicle loan. There's no underwriting, no red tape, no hassles. And for your convenience, the amount can be rolled into your monthly loan payment.

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.

MEMBERS CHOICE® Mechanical Repair Coverage

Mechanical Repair Coverage helps you cover costly vehicle repairs that are no longer covered by the vehicle's manufacturer's warranty. Mechanical Repair Coverage (MRC) protects new and eligible used vehicles even after the manufacturer's warranty expires. The knowledge you have MRC helps to bring you peace of mind and helps minimize the impact of unexpected repair bills.

If coverage is canceled within the first 90* days you will receive a full refund or you will receive a pro-rated refund thereafter less a nominal administrative fee.

*See Mechanical Repair Agreement/Insurance Policy for any state variations.

CUNA Mutual Group is the marketing name for CUNA mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. MEMBER'S CHOICE® Mechanical Repair Coverage is administered by Consumer Program Administrators, Inc. in all states except CA and AK, where coverage is administered by Virginia Surety Company, Inc., WA, where coverage is administered by National Product Care Company, Inc., and FL, LA, OK and WI, where coverage is administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023). This coverage is made available to you by CUNA Mutual Insurance Agency, Inc., and is insured by Virginia Surety Company, Inc.

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