Insurance Products at LACU

We only provide our members insurance products we are proud of. The kind we actually buy when we take out loans. They provide peace of mind to you and we know that means a lot.

For more great information about Insurance, be sure to check out our CHOOSING INSURANCE page in the Learn & Plan section of our site.


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Homeowners & Auto Insurance


GAP Insurance (Guaranteed Auto Protection)

Extended Auto Warranty Coverage /Mechanical Breakdown Insurance

AD&D (Accident Insurance)

Credit Life Insurance

Credit Disability Insurance

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Your accounts are safe and secure at Linn Area Credit Union. They are federally insured by the National Credit Union Administration (NCUA) to at least $250,000 and are backed by the full faith and credit of the United States Government. This federal insurance automatically protects the money in your credit union savings, checking, money market, certificates of deposit, trusts and retirement accounts.

Funds in a federally insured credit union can be insured to even more than $250,000, depending on how you establish your accounts. Click here for more information.

MEMBERS® Homeowners & Auto Insurance

Protect your property and save money on your insurance with exclusive member savings discounts.

Your home and vehicles are big investments. Help protect those investments with insurance from Members Insurance. As a member of Linn Area Credit Union you are eligible for a discount on your home and auto insurance through Members Insurance.

  • Customized coverage for your vehicle, residence or vacation home
  • Convenient Payment options
  • 24-hour-a-day, 7 day-a-week claim service
  • Free, no obligation professional advice

For a free, no obligation rate quote, call toll free 888-380-9287.
Monday – Friday, 7:00 AM to 10:00 PM or Saturday. 7:00 AM to 5:30 PM CST.

Let the representative you speak with know you’re a member of Linn Area Credit Union to get the best rate.

Guaranteed Auto Protection (GAP)

If you totaled your car today, would you have to continue making payments on it? It’s entirely possible! Insurance would cover a lot, but most likely not all of the loan amount because of dramatic depreciation on new and late model automobiles. Unfortunately, this scenario happens a lot when there is a car accident, and it leaves people “upside down,” or owing more on their car than it is worth.

GAP insurance kicks in when the amount your insurer would pay for your totaled or stolen car, is less than what you still owe on the loan (minus any delinquent payments, late charges, refundable service warranty contracts or other insurance related charges). Not only does it cover the remainder of your loan balance, it will also give you $1,000 toward a new car financed at Linn Area Credit Union within 90 days of the accident. GAP also covers your insurance deductible.*

We usually recommend GAP in any of the following instances:

  • You’re financing for more than 4 years (48 months)
  • You’re purchasing a car and not putting at least 20% down
  • You are rolling debt from your last auto loan into your current auto loan

You can add GAP to an existing car loan or you can get it at the same time you get your loan. We’ve had many members sing the praises of GAP insurance!

*The maximum deductible reimbursement is $500 per instance, limited to two claims per year and only available during the first two years of coverage.

Extended Auto Warranty Coverage

Purchasing a new or used vehicle can be a big investment. Mechanical breakdown isn’t the first thing you think about when buying a vehicle, but you should consider it. Mechanical breakdowns can happen anywhere, at any time no matter the make, model or year of your car.

Are you financially prepared for a breakdown? Any mechanical breakdown can be costly. Not only do you have to pay for the repairs to your vehicle, but you may have to cover the costs of a tow truck to take your vehicle to the nearest repair shop and a rental car while your vehicle’s in the shop. All of these things add up quickly, especially on top of an already big repair bill.

So, what can you do to protect your investment? Linn Area Credit Union, in partnership with Route 66 Warranty, offers the finest protection available for new and used vehicles. Similar coverage through an auto retailer can cost you over 50% more.

Accident Insurance (AD&D)

Joining our credit union makes you a part of our family. And, we protect our family members with $2,000 Accidental Death and Dismemberment Insurance coverage – at no cost to you. All you have to do is complete the enrollment form. Just give us a call to request an AD&D enrollment form and policy details.

Credit Life Insurance

It’s important to have an adequate amount of life insurance to protect your home and family if you can’t be there for them. If you pass away during the period of a loan, Credit Life Insurance will pay off or reduce the insured balanced on your loan. When you apply for a loan, ask your financial counselor how little it will cost to add Credit Life Insurance coverage to your loan.

Credit Disability Insurance

Credit Disability Insurance takes over your loan payments (up to the contract limit) if you should become ill or disabled and will continue to make payments until you return to work. When you apply for a loan ask to see how much this coverage affects your monthly payment.

To learn more give us a call or stop by one of our locations.

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