A wrecked vehicle can wreck your finances...The second you drive your new vehicle off the lot it drops in value.  And it continues to drop.

GAP can help fill the gap between what your vehicle insurance will pay and what you owe on your loan, to cushion you against sudden out-of-pocket expenses if your vehicle is totaled. GAP may cancel part of your next loan with your credit union, when you purchase a replacement vehicle. Details vary based on your GAP waiver agreement.

Gap is often costly, but when you get your car loan with Y-12 FCU, it only costs $499. This is valid through the life of the loan. Dealerships involved in our Dealer Direct program have the GAP paperwork on hand, so you don’t even have to come into one of our branches to fill out the forms.