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PHONE: 215-934-3500 or 800-832-PFCU

ABA Routing # 236084298

GAP Insurance

You could lose more than your vehicle if it is stolen or involved in a major accident - you could lose your investment. Most insurance policies only cover the value of your vehicle - something that rapidly declines during the first few years of ownership - which means your loan or lease balance could be higher than the value of your vehicle. Guaranteed Auto Protection (GAP) covers the difference in the balance on a car and its declared value (as determined by your insurance carrier) in the event that it is damaged beyond repair or stolen and never recovered.

Here’s a scenario of how GAP Insurance could work

  • Loan balance after one year $15,000
  • Value of car after one year $10,000
  • Insurance settlement $10,000
  • Deficiency balance $ 5,000
  • GAP pays $ 5,000
  • You owe $0

Without GAP coverage, you'd be responsible for the $5,000 deficiency balance. Do the numbers to see if GAP is right for you or get a quote on GAP Insurance today.

Request a Quote
for Gap Insurance

Insurance products are not deposits of PFCU and are not protected by the NCUA. They are not an obligation of or guaranteed by the Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by the Credit Union need not be purchased from the Credit Union and may be purchased from an agent or insurance company of the member's choice. PFCU Insurance Services, LLC is a subsidiary of the Philadelphia Federal Credit Union. Business conducted with PFCU Insurance Services, LLC is separate and distinct from any business conducted with the Credit Union.

National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Excess Share Insurance Corporation 
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.