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Insurance Requirements for Collateral Loans

When you received your loan you agreed to maintain adequate insurance coverage. If your insurance information has changed or you receive a letter stating we do not have proper documentation, you should provide us with a copy of your insurance declarations page (not your insurance card). The declarations page must show the following information:

  • A loss payee naming Eglin FCU as lien holder.
  • A full collateral description including the Vehicle Identification Number (VIN).
  • Comprehensive and collision coverage with a maximum $1,000 deductible.
  • The effective and expiration dates of the coverage.

You can submit your insurance information by:

Email:
[email protected]
Fax:
913.268.3178
or
Mail:
Eglin Federal Credit Union
Attn: CPI Department
838 Eglin Parkway NE
Fort Walton Beach FL 32547-2781
If you have any questions, please call 800.476.7330, Monday through Friday 8am-5:30pm CST.
Debt Protection
Cancel or waive your loan payment(s) up to the contract maximums if a protected event such as disability, loss of life, or involuntary unemployment occurs.
about Debt Protection
Guaranteed Asset Protection
If your vehicle is stolen or damaged beyond repair, GAP can help cancel the difference between the insurance settlement and what you may still owe on your loan.
more about GAP
TruStage® Insurance
Protect what matters most with TruStage® Insurance
learn more about TruStage® Insurance
Insurance Requirements for Collateral Loans
When you receive a collateral loan from Eglin FCU you'll need to agree to maintain adequate insurance coverage.
learn more about insurance requirements
Federally Insured by NCUA
Each member's funds are federally insured to at least $250,000 by the National Credit Union Share Insurance Fund administered by the National Credit Union Administration (NCUA).
about NCUA