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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 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. We invite you to visit National Credit Union Administration (NCUA) share insurance web page for information about your insured funds.

  • The National Credit Union Administration's (NCUA) Share Insurance Estimator provides the tools you need to research how NCUA's share insurance rules apply to your WFCU share accounts — what's insured and what portion (if any) exceeds coverage limits. http://www.mycreditunion.gov/estimator/Pages/index.html


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

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

    http://espanol.mycreditunion.gov/Pages/default.aspx


Insurance Coverages and Protections


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

  • Welcome Federal Credit Union has a joint marketing agreement with CMFG Life Insurance Company to make comprehensive and affordable insurance products available to our members. Direct marketing pieces with insurance information are mailed to your home address. CMFG Life is the parent company of the CUNA Mutual Group and has been serving credit unions and their members for over 75 years. You can voluntarily ‘opt out’ of these mailings by notifying your branch.

    MC-0914-3D22

  • 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.*

*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. These are voluntary insurance products. Your financing outcome is not based on your selection of this product(s). Claims may be filed by contacting your WFCU Loan Officer.


Guaranteed, no cost. Accidental Death & Dismemberment Coverage. Claim it now. Exclusively for credit union members.


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.

Welcome Federal Credit Union’s (WFCU) MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP Plus) product provides that the first $2,500 will be cancelled under your replacement vehicle financial agreement within 120 days after your primary insurance company issues a settlement check when vehicle is financed by WFCU and protects up to $1,000 of your vehicle insurance deductible where allowed by state law. (Some restrictions apply.)

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

MEMBER’S CHOICE® Mechanical Repair Coverage (MRC) is made available to you from Welcome Federal Credit Union and CUNA Mutual Group. There are three levels of coverage that can be tailored to your needs.

Coverage is available for most new and used vehicles which have less than 120,000 miles and are not older than 12 years. (There are exclusions, contact your Loan Officer for specifics.) The cost of the plan is usually less than similar coverage offered by dealers.

MEMBER’S CHOICE® MRC can potentially save you thousands of dollars on repair bills. For personalized information, contact your Branch and ask for your Loan Officer.


We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

Your savings are Federally insured to at least $250,000 and backed by the full faith and credit of the United States Government (National Credit Union Administration, a U.S. Government Agency).