Insurance Products

The Following is meant to be a general description of our insurance products. Please check with the credit union for more details

Federal Deposit Insurance
You can be assured that your money at Rocky Mountain Law Enforcement Federal Credit Union is safe. Member deposits are Federally insured by the National Credit Union Administration (NCUA) up to $100,000, an agency of the Federal Government. Individual Retirement Accounts are separately insured up to $100,000.00 by NCUA.

Excess Share Insurance (ESI)
In addition to Federal Deposit Insurance from NCUA, the Board of Directors has also chosen to provide an additional $250,000 in account coverage to qualifying accounts through ESI, a licensed property and casualty insurance company. To qualify for this additional coverage, a member must have a checking account with direct deposit, a certificate of deposit, and a combined balance in their accounts greater than $100,000.

Credit Life
Credit Life Insurance will pay off your loan in full if you, your co-signer or both of you were to die during the term of the loan. This coverage is available to our members at group discounted rates and can be conveniently included in your loan payment. Please contact the lending department if you would like credit life added to your loan.

Credit Disability
Credit Disability Insurance will make your loan payments should you become temporarily or permanently disabled. This coverage is available to our members at group discounted rates and can be conveniently included in your loan payment. Please contact the lending department if you would like credit disability added to your loan.

Accidental Death and Dismemberment
As an eligible member of the Credit Union, you are entitled to receive $1,000 of 24-hour accidental death and dismemberment insurance during the open enrollment period. There is no cost to you and additional coverage can be purchased at our group discounted rates and conveniently withdrawn from your share account quarterly.

GAP Insurance
Guaranteed Auto Protection, or GAP, offers protection against financial liability for individuals who finance a new or used vehicle. GAP protects against financial loss in the event that your vehicle is damaged beyond repair (totaled) or stolen and never recovered. With GAP, the covered deficiency balance is then waived.

In today’s automobile market, during the first few years that you owned your vehicle, your loan/lease balance can be higher than the actual value of your car, as a result of depreciation. As your car’s value declines, your loan/lease balance can be significantly higher. If your car were stolen, or totaled in an accident, you will be liable to pay the difference between your insurance settlement and your outstanding loan/lease balance.

GAP covers the difference between the market value of your vehicle and the loan/lease balance, less delinquent payments, late charges, refundable service warranty contracts and other insurance related charges. In the event a deficiency exists, our program will cover your insurance deductible up to $1,000.

Warranties and Mechanical Breakdown Insurance
Are you tired of high priced and unexpected car repair? It might be time to obtain mechanical breakdown insurance now offered through Rocky Mountain Law Enforcement Federal Credit Union. We offer better insurance at discounted prices usually hundreds less than the prices the dealerships offer. You may purchase a warranty on a new vehicle or a used vehicle as long as it still has some factory warranty left. Coverage may also be purchased for vehicles with expired factory warranties, although certain restrictions may apply.
Call the loan department today.

Other Insurance Products
Other insurance products are provided by LPL Financial Services and can be obtained through Deborah Wilson at (303) 458-6660 ext. 4128 or E-mail. LPL Financial Services provides Life Insurance, Disability Insurance, Group Insurance and Medical Insurance.