Once you have the vehicle you want, protect you new investment by taking advantage of the following programs:
Consumers purchasing insurance through MAIF (the Maryland Automobile Insurance Fund) often end up paying extremely high-interest costs at outside financing companies. The Credit Union has established a program to allow members to finance MAIF Premiums at a lower rate. Call Member Benefits, Inc. at 410-882-0810 for more information on how to take advantage of this program.
You can protect you car's value with Guaranteed Auto Protection (GAP) insurance, a low-cost insurance that pays off your remaining loan balance should your vehicle be stolen or damaged and determined a total loss. GAP can even pay up to $1,000 off your auto insurance deductible (deductive coverage not available in all states). You can have complete coverage for only $280, which can be added to your loan balance, if you wish. Cars purchased over the past 18 months can be insured retroactively. Call JHFCU for more details.
Borrowers can also protect themselves and their loved ones with Credit Life and Disability Insurance available at JHFCU. The low-cost Disability insurance can pay off your Credit Union loan balance if you become disabled, protecting your credit rating at a time when funds may be limited. The Credit Life insurance ensures that your loved ones won't end up paying your loan balance, should you die before the loan is paid off. Credit Life and Disability premiums are added in with your loan payment, so no separate payment is required.
For more information about any of the above programs and services, please call us at 410-534-4500 (or 1-800-JHFCU-70 if outside the Baltimore area) or stop by any of our branches and see us in person. Let JHFCU help you get the vehicle of your dreams!
