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Loan Payment Protections

3 programs for you to consider

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Debt Protection

Guaranteed asset protection (GAP)

Mechanical breakdown protection (MBP)

Debt Protection

For death, disability, and/or involuntary unemployment

Debt protection is an optional benefit that allows you to amend your lending agreement to extinguish all or part of the borrower’s debt if a covered event occurs. The debt is cancelled as a lump sum or on a monthly basis depending on the covered event, and debt protection reduces the principal and accrued interest owed to the lender.

Covered Events:

  • Death – Cancels loan balance
  • Disability – Cancels 6 payments
  • Involuntary Unemployment – Cancels 3 payments

Eligible Loans:

  • Closed-end Consumer loans if the loan has a term of 120 months or less
  • Multi-featured consumer lending plans
  • Home Equity Loans
  • Consumer lines of credit; and credit cards

Debt Protection Plans:

  • Plan 1: Death, Disability, & Involuntary Unemployment
  • Plan 2: Death & Disability
  • Plan 3: Death
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Guaranteed asset protection (GAP)

For new, used, financed, or leased vehicles

Guaranteed Asset Protection Insurance (GAP) is an optional benefit that waives the difference between the primary carriers’ insurance settlement and the payoff of the loan or lease, if the vehicle the member is financing ever becomes “totaled”, or is stolen and recovered. 
If GAP insurance is purchased, GAP Advantage is included for free and provides members with an additional $1,000 towards the purchase or lease of a replacement vehicle when financed with American United FCU.

Guaranteed Asset Protection (GAP) Covers:

  • Automobiles
  • Vans
  • Light Trucks
  • Motorcycles
  • Boats
  • Travel Trailers & Motorhomes
  • Golf Carts, Jet Skis, Snowmobiles, ATVs
  • Light Trucks

Mechanical breakdown protection (MBP)

Extended warranty for major mechanical problems

Mechanical Breakdown Protection (MBP) is an optional benefit that extends the warranty on your vehicle to cover major mechanical expenses. No matter where you might travel to in the United States, your vehicle is protected and there is no deductible on covered parts or labor. All the plans come with Rental Car Allowance and 24/7 Emergency Roadside Service (towing, lock-out, battery jump, flat tire, and minor adjustments).


  • Available makes and models of vehicles
  • Pricing is based on year of vehicle, factory warranty remaining, and odometer reading
  • All plans have a $0 deductible, nationwide coverage, and 24/7/365 Roadside Service
  • Plans are transferable if member sells the car and warranties are fully insured


  • First Street – Drivetrain Plus “good”
  • Main Street – Deluxe “better”
  • Easy Street – Factory Type “best”
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In the market for a new or used vehicle?

  • Purchase, Refinance, Transfer, & Branded Title
  • Terms up to 84 months
  • Competitive rates for new or used vehicles
  • GoldStar® Member Rate Discounts
  • Skip-a-Payment options
  • Better than dealer Loan Payment Protections
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