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Guaranteed Asset Protection

If your vehicle is stolen or damaged beyond repair, GAP can help cancel the difference between the insurance settlement and what you may still owe on your loan.

What is GAP?

In the event your vehicle is stolen or accidentally damaged beyond repair, GAP will help cancel the difference between the primary insurance company's settlement and what you may still owe on your loan. GAP can be added to your Eglin FCU loan at any time and is available for $425*. Setting up GAP coverage is quick and easy, just call 850.862.0111 and select Option 2 or email Member Services and let us know you're interested. (Please note: GAP protection is not available for Boat or RV loans.)
*fees subject to change


Your purchase of MEMBER'S CHOICETM 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. You may cancel the protection at any time. If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product. (DPGAP-1213-14B9)

Debt Protection
Cancel or waive your loan payment(s) up to the contract maximums if a protected event such as disability, loss of life, or involuntary unemployment occurs.
Guaranteed Asset Protection
If your vehicle is stolen or damaged beyond repair, GAP can help cancel the difference between the insurance settlement and what you may still owe on your loan.
TruStage® Insurance
Protect what matters most with TruStage® Insurance
Insurance Requirements for Collateral Loans
When you receive a collateral loan from Eglin FCU you'll need to agree to maintain adequate insurance coverage.
Federally Insured by NCUA
Each member's funds are federally insured to at least $250,000 by the National Credit Union Share Insurance Fund administered by the National Credit Union Administration (NCUA).