Coosa Pines Federal Credit Union

Insurance Products

Deposit Insurance Information

Your Coosa Pines FCU deposits are federally insured.

Deposits with Coosa Pines FCU are backed by the National Credit Union Share Insurance Fund (NCUSIF), a fund maintained by the U.S. Treasury and administered by the National Credit Union Administration (NCUA). Federal insurance protects deposits in Share savings, Share Draft checking, Money Market Share, Share certificate, and certain retirement accounts.

Passage of the Emergency Economic Stabilization Act of 2008 increased NCUA coverage from $100,000 to $250,000. Funds may be insured for more than $250,000, depending on how accounts are structured.

Additional Security from Excess Share Insurance, Inc.

In addition to the NCUA coverage, Coosa Pines FCU accounts are insured up to an additional $250,000 by Excess Share Insurance, Inc.,

a division of American Share Insurance, the nation’s largest provider of private share insurance for credit unions since 1974. As with NCUA coverage, ESI coverage may be more than $250,000 depending on the type and structure of the credit union accounts.

NOTE: For more information on account structure and deposit insurance, please contact a Member Service Representative.

NCUA Share Insurance Calculator

The National Credit Union Administration (NCUA) offers an online share insurance calculator. With the calculator, credit union members can verify that the funds they have on deposit are insured.*

To use the Share Insurance Calculator, enter basic information such as your name, account names (or nicknames, i.e. "savings" or "checking"), account types, balances, etc. When all information is entered, press the “Calculate” button. The calculator will produce an easy-to-read report that can be saved or printed. (Tip: Use the "Printable Report" button at the bottom of the page to print.)

How deposited funds are insured also depends on how the accounts are structured. For example, individual accounts are insured separately from joint accounts, as are IRAs. If you're confused by all of this, don't worry! You can always call or drop by your favorite branch. We'd be happy to help you make sense of share insurance.

*The calculator estimates federal share insurance through the NCUA, and does not include additional share insurance maintained through ESI (Excess Share Insurance, Inc.) for Coosa Pines FCU members. If the calculator shows that a portion of your funds are not insured, those funds may be insured through ESI. Please contact your local CPFCU branch for a personalized breakdown of how your deposits are insured.

View Report Example

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MEMBERS Auto & Homeowners Insurance Program

You trust Coosa Pines Federal Credit Union to provide you and your family with quality products and services to meet your financial needs. We've joined with a dedicated team of insurance professionals to bring you the MEMBERS^® Auto and Homeowners Insurance Program.

• The MEMBERS Auto and Homeowners is the property

and casualty coverage solution preferred by credit unions

and their members.

• Access convenient e-service, pay your bill or make

changes to your policy, even report a claim.

• Receive fast, easy access to claims service 24 hours a day.

• Obtain a free, no obligation quote.

Click here to start saving now!

The MEMBERS Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.

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MEMBER'S CHOICE Credit Disability Insurance

Could your family maintain its current standard of living without your income?

Consider this: 490 Amercians have become disabled in the last 10 minutes.¹ In the U.S., a disabling injury occurs every second.¹ If you suddenly lost most or all of your income, how would you pay the bills?

Planning for the unexpected may seem impossible, but it isn't. MEMBER'S CHOICE Credit Disability Insurance will make loan payments to the credit union to reduce or pay off the covered loan if the borrowing member should become totally disabled by sickness or accident.* Some restrictions, maximum benefits and exclusions may apply.

*Per terms of your contract agreement; up to your policy maximum. Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions, and exclusions of the policy. Only a licensed insurance agent may provide consultation on your insurance needs. This is a voluntary insurance product; insurance products may be purchased separately or together, and premiums are added to the credit union loan. Your financing outcome is not based on your selection of this product. Claims may be filed electronically via Claims Online at www.cunamutual.com or by completing a Disability Claim Notice available at your credit union. MEMBER’S CHOICE Credit Disability Insurance is provided by the companies of CUNA Mutual Group, www.cunamutual.com, and underwritten by CUNA Mutual Insurance Society. Contact a Loan Officer for details.

1 National Safety Council^®Injury Facts^®2010 Ed

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MEMBER'S CHOICE Credit Life Insurance

Lessen the burden that's left behind.

In the U.S., a fatal injury occurs every 4 minutes¹, and 40 percent of adult Americans have no life insurance.²

There's no way your family can prepare for an unexpected death, but you can take steps along the way to make sure your family is provided for if the unexpected occurs.

MEMBER'S CHOICE Credit Life Insurance will help pay your covered credit union loan, so your loved ones won't have to.* The premium is included in your monthly loan payment; you won't receive extra bills or statements. You can cancel within 30 days for a full refund, or any time after that if you change your mind.

*Per terms of your contract agreement; up to your policy maximum. Be sure to read the Credit Insurance Application and Certificate of Insurance which will explain the exact terms, conditions, and exclusions of the policy. Only a licensed insurance agent may provide consultation on your insurance needs. This is a voluntary insurance product; insurance products may be purchased separately or together, and premiums are added to the credit union loan. Your financing outcome is not based on your selection of this product. Claims may be filed electronically via Claims Online at www.cunamutual.com or by completing a Claim Notice available at your credit union. MEMBER’S CHOICE Credit Life Insurance is provided by the companies of CUNA Mutual Group, www.cunamutual.com, and underwritten by CUNA Mutual Insurance Society. Contact a Loan Officer for details.

1 National Safety Council^®Injury Facts^®2010 Ed 2 JDPower, "Too Many People Lack Adequate Life Insurance Coverage", 2010

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Guaranteed Asset Protection (GAP) Insurance

So you've just purchased your dream car. Congratulations!

Before you drive off into the sunset, consider this: Your new vehicle starts depreciating in value from the moment you drive it off the lot.

But if it's stolen or damaged beyond repair before you've finished paying for it, your auto insurance policy will likely only pay "Actual Cash Value", which may be substantially less than the amount you owe. In fact, the difference can be thousands of dollars.

That's why you need GAP coverage. Should accident or theft occur, this affordable coverage will bridge the gap between what you owe and what your insurance company will pay.

Here's Why You Need GAP:

• GAP helps pay off your remaining loan balance if your vehicle is stolen

or damaged and is deemed to be a total loss

• GAP helps clear your credit allowing you to start fresh with a new vehicle purchase

• GAP is very inexpensive and can be included as a small addition to your loan

Plus, Coosa Pines FCU members pay a one-time fee of $395.00 for GAP coverage, which means you can protect yourself for only pennies per day! GAP Insurance must be elected by the member, and the cost may be paid directly by the member or added to the credit union loan.

NOTE: Contact a Loan Officer for details. All claims are subject to certain exclusions and benefit limitations. Please refer to the Guaranteed Asset Protection (GAP) Finance Contract, Addendum or Certificate for all terms and conditions. Restrictions apply.

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Extended Vehicle Service Contracts

With any vehicle, there is always a chance of a mechanical breakdown. You can have peace of mind in knowing that most problems can be taken care of with an Extended Service Contract.

Coosa Pines FCU has partnered with Auto Exam, Inc. to offer Extended Vehicle Service Contracts to members at an affordable price. If you are in the market to buy a new or used car and financing with the credit union, or if you currently have an auto financed with the credit union and have 1 month and 1,000 miles remaining on your current basic manufacturer’s warranty, then a Vehicle Service Contract through Auto Exam, Inc. may benefit you! For just pennies a day, your automobile will be protected from the unexpected.

Some facts about the Extended Vehicle Service Contract:

Contracts discounted for credit union members
Extended Vehicle Service Contracts are available for vehicles up to 9 years old with up to 120,000 miles on the odometer
Service Contracts are valid in the United States and Canada
Repair work may be performed by ASE certified technicians at dealerships, franchised repair facilities and independent repair facilities with the ability to accept payment by credit card
If you sell your vehicle, you can sell the warranty with it! All policies are transferrable for a $75.00 fee

Additional benefits of Extended Vehicle Service Contracts include:

Per occurrence deductible (many dealer warranties carry a “per item” deductible)
Choose from four coverage levels for the plan that suits your needs
No hassle direct payment to repair facility (no reimbursement forms to complete)
Premiums may be added to amount financed
Coverage begins the day the contract is purchased
Rental coverage, Towing coverage, and Roadside Assistance
Road Hazard Tire coverage
Trip Interruption coverage
Available Money Back Guarantee!

NOTE: For details on the Extended Vehicle Service Contract, contact a Loan Officer or visit www.autoexam.com. Some restrictions and exclusions apply.

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