You love your new car, but a danger to your financial well-being is lurking in that new car smell and quiet purr of the engine. Within the first few years of ownership, a new vehicle will typically depreciate faster than the loan balance. In the event a new car is stolen or declared a total loss in an accident, a significant gap can exist between the insurance payout and the balance of the vehicle loan.

To protect our members from this unexpected and substantial out-of pocket expense, Scott Credit Union now offers GAP (guaranteed auto protection) Coverage to our members.

GAP Coverage can save you thousands of dollars by paying the difference between your automobile's depreciated value and the amount of your outstanding loan balance. You may even receive an additional $1,000 credit towards the purchase of a replacement vehicle if you finance it with Scott Credit Union within 60 days of your insurance settlement!