First Missouri Credit Union Loan Payment Protection


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When you apply for a loan with First Missouri Credit Union, be sure to ask us about our payment protection options.

Guaranteed Asset Protection (GAP)

First Missouri Credit Union offers low-cost GAP coverage with our vehicle loans! You may be unfamiliar with GAP coverage - and how much money it can save you. In the event of your vehicle's theft or collision, your regular auto insurance is designed to pay the lender the vehicle's current cash value, not the current loan balance. The difference can be thousands of dollars, and you are responsible for the "gap" between the insurance settlement and your loan balance. If you have GAP, the coverage provider pays the difference - not you.

You should consider GAP coverage if you:

  • Finance a vehicle for 60 months or more.
  • Put less than 20% down.
  • Roll negative equity from a previous vehicle loan into a new vehicle loan.
  • Drive more than 15,000 miles annually.
  • Purchase a vehicle with a history of high depreciation rates.

Credit Life & Credit Disability Insurance

We offer optional credit life and credit disability insurance to our members, which is underwritten by CMFG Life Insurance Company. Credit life and credit disability can help reduce or pay off your loan balance or make monthly loan payments, up to the policy maximum, to help ease the financial burden of your loan obligation in the event of an unexpected life event, injury or illness.

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NMLS# 464105
Routing Number: 281081013

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