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Loan Protection

Debt Protection

OE Federal helps give you peace of mind with Debt Protection, a loan-payment protection product designed to help you get relief from loan payments if a protected life event unexpectedly happens to you.

Debt Protection is a must-have for anyone with a loan. If a protected life event happens to you (or the co-borrower on the loan), OE Federal Debt Protection will cancel or waive your loan payments, up to the member agreement maximums—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging.

OE Federal offers a variety of options you could protect yourself against:

Coverage Options

  • Life Protection
  • Disability Protection
  • Involuntary Unemployment Protection
  • Family Leave


  • Included in loan payment
  • No health exam or height/weight questions
  • Helps reduce financial risk
  • Protection is activated even when other insurance is in force
  • Helps protect credit standing

Contact us today at 800.877.4444 to learn more on how you can protect yourself and your family.

Your purchase of OE Federal Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your OE Federal Credit Union, or refer to the Member Agreement for a full explanation of the terms of Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.


TruStage Auto & Homeowners Insurance

You trust OE Federal to provide you and your family with quality products and services to meet your financial needs. We've joined with a dedicated team of insurance professionals to bring you the TruStage Auto & Homeowners Insurance Program.

The TruStage Auto & Homeowners Insurance Program is the property and casualty coverage solution preferred by credit unions and their members. 

The TruStage Auto & Homeowners Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state regulations allow. The insurance offered is not a deposit and is not federally insured or guaranteed by your credit union.

Guaranteed Auto Protection (GAP)

You've got the vehicle, you've got the insurance; what more do you need? Well, you might need Guaranteed Auto Protection. GAP is unique. It covers the difference between what you owe on your vehicle and what insurance will cover in the unfortunate event your car is stolen or totaled.

GAP is the difference between the actual value of your vehicle and the amount on your auto loan or lease at the time of a total loss.

Most people don't realize that insurance will only cover the estimated value of your vehicle, which is often LESS than what you still owe! Which means you could be stuck making loan payments on a vehicle you can't drive anymore!

Example: You still owe $9,000 on a car you purchased last year; your insurance puts your vehicle's value at $7,500. That means you're still on the hook for $1,500 of your auto loan! GAP takes care of this problem, and for less than you think! Don't let an unfortunate accident or a theft leave you in debt without the car you need.

Best of all, OE Federal offers GAP to its members at one of the lowest prices on the market. Contact any of our Member Service Representatives to add GAP to your Auto Loan today at 800.877.4444.


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