New EXCEL APP Launched!  The new EXCEL APP is now available.
Download the new APP and delete the old APP from your phone in order to continue accessing your accounts.

Excel Federal Credit Union Logo link to home page

Open an Account

We work hard to make your financial life better. Open your account today!

Apply for a Loan

Finance your future at an affordable rate.

person pushing a broken car


Guaranteed Auto Protection

YOUR AUTO INSURANCE DOES NOT COVER EVERYTHING

In the event your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually cover only the actual cash value or market value of your vehicle less a deductible. This settlement could be significantly less than the amount you owe to your lender or leasing company. The final result is a financial GAP where you must make up the difference, which could mean thousands of dollars out of your pocket.

PROTECTION THROUGH GUARANTEED AUTO PROTECTION

Guaranteed Auto Protection protects individuals who finance a new or used vehicle from the financial GAP.

In the current market, during the first few years that you own your vehicle and as a result of depreciation, your loan/lease balance can be higher than the actual value of your vehicle. As your vehicle's value declines, your loan/lease balance may decline more slowly, resulting in a financial gap. If your vehicle were stolen or totaled in an accident, you would be liable to pay the difference between your insurance settlement and your outstanding loan/lease balance.

Guaranteed Auto Protection covers the difference between the actual cash value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance-related charges. Guaranteed Auto Protection will also cover your auto insurance deductible up to $500 or $1,000. The actual amount depends on the program limits. Contact a loan officer at 770-441-9235 for details.

Guaranteed Auto Protection is administered by a third party provider. Please see our privacy policy for additional information on services offered by third parties.

Click here to learn about Mechanical Breakdown Insurance