Loan Protection Disclosure
Payment protection products are not a deposit; not NCUA Insured. Credit life protection and credit disability protection is through CUNA Mutual and are not required to obtain credit and will not be provided unless you sign and agree to pay the additional cost. Guaranteed Asset Protection (GAP) is administered through First Innovations. Vehicle Service Contract is administered through First Innovations.
Skip a Payment Disclosure
There is a processing fee for extending your final loan payment. If your monthly payment is $149.99 or less, you will be assessed a $25.00 fee. If your monthly payment is $150.00 or more, you will be assessed a $35.00 fee. The $25.00 or $35.00 processing fee per loan will be automatically deducted from your CUTX checking or savings account. The processing fee does not reduce the principle balance. If the loan is held jointly, all owners must agree. If your loan payment is made via payroll deduction, the total monthly payment amount will be credited to your account for the month you elected to skip. The request must be received at least 7 (seven) business days before your payment is due. The processing fee must be received before the payment due date. You can make up the payment at any time, however, extra payments will not change the due date of the next scheduled loan payment. Finance charges will continue to accrue on a daily basis at the Annual Percentage rate set forth in the loan agreement, both during and after the deferral period. This means it will result in higher total finance charges and possibly a higher total number of payments, than if made as originally scheduled. Therefore extra payment(s) may/will have to be made after the loan would otherwise have been paid off. In all other respects, the provisions of the original agreement remain in full form and effect. Regularly scheduled payments will resume with the payment during the month following the deferral. This may/will affect Credit Life and Disability Insurance GAP or Mechanical Breakdown Insurance (MBI) coverage on your loan. Please refer to your contract.
No Payment for 90 Days Disclosure
Interest will accrue during the deferment period. Offer excludes existing auto loans already financed at CUTX.
Financing and Terms Subject to Verification Disclosure
Final financing and terms are subject to verification and review of any requested information or documentation. Rates and terms are subject to change without notice.
APR = Annual Percentage Rate. Your final annual percentage rate will depend on the vehicle, the amount financed and the term length you choose.