Protect against the unexpected.
At Lafayette Federal, your financial security is our number one priority. That’s why we offer loan protection services to provide you with a safety need and help when times get tough.
Credit Life and Disability Insurance
Are you safeguarded against unanticipated financial hardships that could easily put your dreams and lifestyles in jeopardy?
Credit life and credit disability insurance help you:
- Pay your consumer and home equity loan balance in full up to the policy maximum
- Pay monthly loan payments in the event of death or disability
- Create a safety net for your assets and savings
Guaranteed Asset Protection
A wrecked vehicle can wreck your finances if you owe more on your loan than your insurance will pay.
Guaranteed Asset Protection (GAP) is like an airbag for your vehicle loan. It can help fill the gap between:
- What your vehicle insurance will pay
- The amount that you owe on your loan
- Any sudden out-of-pocket expenses if your vehicle is totaled
Mechanical Repair Coverage
For many Americans, an unexpected car repair or maintenance bill can drastically affect their finances. Without cash savings to fall back on, paying out-of-pocket for repairs just isn’t affordable. With our Mechanical Repair Coverage, you can cover expenses for your new or eligible used vehicle.
Protect your vehicle and peace of mind with:
- Rental reimbursement
- 24-hour emergency roadside assistance
- Travel expense reimbursement
- Extended coverage that may not be included in your manufacturer’s warranty
Home Mortgage Protection
You protect your cars and your personal loans, so why not protect your biggest investment?
Mortgage Payment Protection is designed to help cover your mortgage payments for a critical period of time following an unexpected life event such as:
- Job loss
I have been banking with LFCU since the early 1990s. I’ve had two (2) mortgages with them, as well as, two (2) personal loans, and a credit card. Their interest rates are lower than most banks, if not all, and the personalized customer service is bar none. During Covid, I needed a cashier’s check: the online scheduling was simple and quick and the day of my appointment, there were three (3) staff members that were ready to help me with my needs, prior to my scheduled time. The branch was clean, sanitized, and I felt safe and comfortable. Keep up the great work!Doreen C. Member