Extra Coverages 

Premier Mechanical Protection Program

Alcoa Community Federal Credit Union offers products to help you rest assured that your vehicles and your wallet are protected in the event of an unexpected collision, loss, or mechanical problem. A factory warranty is not enough! Most major repairs occur AFTER the manufacturer’s warranty expires. A typical factory warranty provides coverage for only 3 years or 36,000 miles, whichever comes first. We keep our vehicles longer, and repair costs keep rising. That’s why you need Premier Mechanical Protection!

ACFCU can finance 100% of the cost of Premier Mechanical Protection at the same low interest rate as your vehicle loan.

Coverage is transferable when you sell your vehicle. This may increase your selling price, as it adds value and shows the potential buyer how well you took good care of your vehicle. If the person buying your vehicle declines the option to purchase your coverage, you can cancel and apply for a pro-rata refund.

This coverage is available at a very special low price for ACFCU members.

All extended protection plans come with a 60-day money-back guarantee.

Our Premier Mechanical Protection Program is an extended coverage service agreement for your new or eligible pre-owned vehicle. We offer a range of coverage levels to meet your needs and budget.


  • Optional deductible for greater affordability

  • Towing coverage, $100.00 maximum per claim

  • Car rental coverage, up to 5 days or 10 days, depending on your Premier program level

  • Nationwide protection and toll-free service number

  • Travel and Trip Interruption Protection for Premier Platinum, Gold and Bronze

  • Roadside Assistance, up to $80.00 per incident within a 72-hour period


  • Accidental Loss Refund – to protect against collision or acts of God

  • KeyGuard Emergency Assistance Service – 24/7 emergency service for multiple key and fob replacement, lock-out assistance (vehicle AND home), emergency transportation assistance (taxi or rental car), trip interruption and emergency towing

  • Light Commercial Use coverage for eligible business uses

  • Lift Kit and Tire Modification coverage for vehicles with suspension lifts or oversized tires

  • Snow Plow coverage for vehicles with an attached snow plow


As a thank you for purchasing an eligible IWS product, you will receive the Auto Support + Program completely FREE! This auto deductible reimbursement pays up to $500.00 per loss with UNLIMITED losses per year. Other benefits of Auto Support + include:

  • FREE with any Premier Mechanical Protection program

  • Loss deductible reimbursement up to $500.00 to relieve you of out-of-pocket expense

  • Personal ID Restoration Consulting to help you restore your good name in the event of identity theft

  • Warranty Vault™ online storage and organizing service that helps you take advantage of your consumer product warranties

GAP Coverage

Guaranteed Asset Protection coverage that pays the difference between the scheduled principal balance of your vehicle loan and its actual cash value in the event of a total loss or theft.

Fill the gap between your current loan balance and what your insurance company will pay you.

Covers up to $1,000.00 of your insurance deductible

Optional Premium coverage includes $1,000.00 replacement vehicle assistance to reduce the amount of a new loan when financing or leasing a replacement vehicle at Alcoa Community FCU.

Available any time during the loan term but is usually not recommended after the first 18 months of your loan.

GAP Coverage Example

Insurance Settlement Loan Settlement
Actual Cash Value $16,000.00 $20,000.00 Outstanding Loan Balance
Insurance Deductible -$1,000.00 -$15,000.00 Insurance Settlement
Insurance Settlement $15,000.00 $5,000.00 GAP

In this example, the vehicle owner would suffer a $5,000.00 loss without GAP coverage. GAP coverage makes the owner whole by paying off the loan and covering the insurance deductible.

Debt Protection

As a result of unexpected illness, injury, or death eliminating their ability to earn a paycheck, even the most responsible person can be hit with bills they can’t pay, damage to their credit score, and even repossessions.

When you add Payment Protection to your loan¹, you minimize the impact of the unexpected. In most cases:

Payment Protection can:

  • Eliminate all or part of your remaining loan balance

  • Protect your credit rating as loan payment obligations are made on your behalf

  • Prevent late fees

  • Create financial security for your family

  • Free-up extra cash when it’s needed most

Payment Protection is affordable, it may cover both you and your co-borrower, and it is a part of your regular payment—giving you one less thing to worry about.

To learn more about Payment Protection, contact your loan officer or service representative today!

Payment Protection

¹Payment Protection may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans. Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.