Lending Insurance

Borrow with peace of mind

Lending insurance builds an extra layer of security into your loan, which helps you and your family avoid financial hardship no matter what life sends your way.

Member Value Protection (MVP)

In the case of death, disability, or involuntary unemployment, MVP Debt Insurance means that your monthly loan payments will be cancelled without penalty, additional interest, or negative impact to your credit score.

Icon of two people talking witha  chat bubble that has a dollar sign
Personalized Options

You can choose from several flexible coverage options. Each option has specific eligibility requirements and a different range of benefits. Like many insurance plans, there are conditions and exclusions. Be sure to carefully read your MVP contract for a full explanation of the terms and conditions. And of course, our loan experts are always here to answer your questions.

Icon of an x in a circle
You’re not required to purchase MVP

MVP is totally optional. Your decision to purchase—or not purchase—MVP will never affect your application for credit or the terms of any existing credit agreement you have with us. You will be provided with a copy of the contract containing the terms and conditions of MVP before paying for this coverage.

Icon of a thumbs up in an award
Cancel any time

If you change your mind about carrying MVP, you can cancel at any time. If you do so within the first 30 days, we'll be sure to refund any fees you've already paid.

Guaranteed Auto Protection (GAP) Vehicle Insurance

If your car is totaled before you've paid off your loan, GAP Insurance helps cover the difference between the amount you owe on your vehicle and your vehicle's actual value.

Icon of a car
How does it work?

If your vehicle is totaled or stolen, your auto insurance settlement may be significantly less than your outstanding loan balance. This can create a deficient balance—or a "gap"—leaving you to pay the difference. GAP Vehicle Insurance is designed to cover the remainder of the loan balance that your primary insurance carrier does not pay.

Icon of a hand holding keys
What does GAP cover?

GAP covers the difference between your outstanding loan balance and the actual cash value of the vehicle, minus any deductions or exclusions. GAP also covers up to $1,000 of your deductible if there is a gap after the primary insurance settlement is paid.

Icon of an award and ribbon
GAP Advantage Benefits

You may be eligible to receive an additional $1,000 benefit. This $1,000 is used toward the purchase of a replacement vehicle when financed through Members 1st. To receive the $1,000 advantage benefit, the vehicle must be deemed a total loss, and a new loan must be made for the replacement vehicle at Members 1st within 90 days of when the vehicle was determined to be a total loss.

Icon of the front of a car
Auto Advantage

The GAP package also includes Auto Deductible Reimbursement (ADR) coverage. This coverage pays up to $500 per loss when a loss is filed and paid by the auto insurance company. This applied to any covered auto you own or lease, as evidenced by the title or registration and insures under an auto insurance policy designating you as the Named Insured. Plus, you also receive Personal ID Restoration Consulting and Warranty Registration Service.

Icon of a shopping cart
With GAP, you get:
  • 60-day free look period (this works just like a money-back guarantee)
  • Zero out-of-pocket expenses for the remaining loan balance after loss settlement
  • No deficiency balance on your loan for your replacement vehicle
  • Additional $1,000 to help with new vehicle purchase
  • Protection for your credit rating
Icon of a star

Ready to get started?

If you'd like to add lending insurance to your loan, talk to one of our loan experts.

We're Here to Help

Getting Ready for Life's Moments and Milestones

Hit the Road

Hear that? It’s the open road calling. Here’s how to get an auto loan quicker and smarter.

Get Started

Off to College

Welcome to the start of a new beginning! Here's how to avoid student loans and make the most of saving for college.

Get Started

Buying a House

Your home will likely be the biggest investment you ever make. Here’s everything you need to know—and who to talk to if you’d like some personalized guidance.

Get Started

Goal Savings

Save for big plans—a little at a time. With great rates and powerful in-app tools, it’s never been easier to set (and achieve) your long-term goals.

Get Started

Visa Signature® Card

Get 1.5% cash back (or 1.5 points) on every dollar you spend. On top of that, you get emergency medical coverage, trip interruption insurance, and Visa Signature Concierge Service—all with no annual fee.

Get Started

Please be aware that by continuing you will be leaving www.members1st.org and viewing content from another website.

For your protection please be advised that public Internet email is not secure. Various links within our web site allow you to submit information to us by public Internet email. Please DO NOT provide personal or account information through public email or submit any personal information that would compromise your identity including your account number, social security number, credit card numbers, electronic services PINs, passwords or mother's maiden name. Members 1st will not respond via public Internet email to requests-for-account-information or account activity. Please contact Customer Service with these types of requests at (800) 237-7288 or (717) 795-6049.