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Lending Protection

With options like Debt Protection and Guaranteed Auto Protection (GAP), OE Federal lending protection offers members peace of mind in all kinds of unexpected or emergency situations.


OE Federal offers Debt Protection, a loan-payment protection product designed to help you get relief from loan payments if you suddenly find yourself caught up in a protected life event.

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, taking the financial pressure of you and your family during a time when your income may take a hit.

OE Federal offers a variety of protections:

Coverage Options

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


  • Included in loan payment
  • No health exam or height/weight questions
  • Reduces 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 about how you can protect your family and yourself.

Buying OE Federal Debt Protection is optional and won’t 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.


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! This 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 surprisingly common problem.

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