Don't let a wrecked vehicle wreck your finances

  • $50,000 Maximum Benefit
  • 72 month Maximum Protected Loan Term
  • Deductible protected up to $1,000 if GAP-covered vehicle is ever stolen or a total loss
  • Protects up to 10 skipped payments during loan term
  • Waives $1,000 off of your replacement vehicle loan purchase when you finance through MSGCU*
  • Deductible assistance up to $500 when any car on your primary insurance policy is damaged†

Guaranteed Asset Protection (GAP) reduces or eliminates the difference between your vehicle's actual cash value and auto loan balances for Michigan Schools and Government Credit Union members. GAP provides protection not only for cars, but for light trucks, motorcycles, ATVs, snowmobiles and certain types of personal watercraft. Contact us to find out how to qualify.

*Must finance your replacement vehicle within 120 days after your primary insurance company issues a settlement check. 
†Only available on motor vehicles. Not available on RV, power sport or watercraft loans. Maximum of two in a 12-month period.

Your purchase of MEMBER’S CHOICE™ Guaranteed Asset Protection (GAP), is optional and will not affect your application for credit or the terms of any credit agreement you have with us. Certain eligibility requirements, conditions, and exclusions may apply. You will receive the contract before you are required to pay for GAP. You should carefully read the contract for a full explanation of the terms. If you choose GAP, adding the GAP fee to your loan amount will increase the cost of GAP. You may cancel GAP at any time. If you cancel GAP within 90 days you will receive a full refund of any fee paid. GAP-3303558.1-1020-1122