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Phone: (253) 584-0079  |  Toll-free: 1-800-244-0874

Coverage for the Unexpected!

American Lake Credit Union offers members elective products to protect their loan and vehicles in the event of unforeseen circumstances.

Debt Protection

In the case of unplanned events such as death, disability or involuntary unemployment, our debt protection program may cancel your loan balance or monthly loan payments without penalty or added interest.

Loss of LifeDisability
(Full Term (FT) or
Critical Period (CP))
Involuntary Unemployment
(Critical Period CP)
Option 1YesNoNo
Option 2YesYes (FT)No
Option 3YesYes (CP)No
Option 4YesYes (FT)Yes
Option 5YesYes (CP)Yes

Full Term (FT) means the Debt Protection associated with the named Protection Event remains in-force until this Addendum is terminated or expires.
Critical Period (CP) means the Debt Protection Benefit will be a limited number of Protected Monthly Benefits.

Guaranteed Asset Protection (GAP)

A totaled vehicle is not a total loss when you're protected with GAP from American Lake CU.

Will your insurance cover your auto or reactional vehicle loan in the event of a total loss or theft? Probably not. In most cases, your insurance will fall short of covering the full balance of your auto loan at the time of loss, leaving a substantial amount of the loan balance for you to cover.

Why purchase GAP?

  • GAP helps you pay off your remaining loan balance if your vehicle is stolen or damaged and deemed to be a total loss.
  • GAP helps clear your credit allowing you to start fresh with a new vehicle purchase.
  • GAP is inexpensive (less than half of what dealer's charge) and can be included as a small addition to your monthly loan payment.
Call or visit your local branch for complete details.

Vehicle Extended Service Contracts

Put the brakes on expensive car repairs. A factory warranty may not be enough or may not be offered if you are purchasing a used vehicle. Plus, most major repairs occur after the manufacturer's warranty expires. Consider adding an extended service contract (also referred to as Mechanical Breakdown Protection) to your loan with American Lake Credit Union. Coverage obtained through American Lake Credit Union may save you money when compared to dealer plans.

Available Features May Include:

  • Low deductibles including an option for $0
  • Roadside assistance reimbursement
  • Car Rental
  • Reimbursed travel expenses for qualified repairs
  • Repair work may be performed by a dealership, franchise repair facility or an independent repair shop.
Call or visit your local branch for complete details.