COVID-19 Update - 06/25/20 - WE'RE REOPENING OUR LOBBY! - As of Mon, June 29, 2020, HCU will be reopening the Holyoke and Feeding Hills lobbies to limited traffic (Holyoke - 5 members & Feeding Hills - 3 members at any time). Masks will be required and social distancing will be practiced. HCU's hours will remain the same, M - F 9am - 4pm, Sat. 9am - 12pm. The West Springfield branch will remain closed until further notice. If you wish to meet with a Member Service Representative, please call for an appointment. For Holyoke, call Sharon Carter at 413-341-0133. For Feeding Hills, call either Marjorie Letasz or Beth Cook at 413-278-6840. We thank you for your understanding while we implement this "new normal"!

GAP Insurance

Guaranteed Asset Protection (GAP) Insurance is a policy designed to pay off your car loan in the event your vehicle is stolen or damaged beyond repair (totaled) and your insurance settlement does not cover your entire loan balance. GAP Insurance is a supplement to your primary auto insurance coverage.

Holyoke Credit Union offers GAP Insurance to its members through GAP Advantage, a product of Allied Solutions. For a one-time charge of $449, GAP Advantage covers the difference between the actual cash value of your car and your outstanding loan balance. It may even cover your insurance deductible – up to $1,000 – as part of your claim settlement. Plus, it covers an additional $1,000 credit toward the financing of a replacement vehicle if you finance your new or used vehicle with Holyoke Credit Union within 90 days of the date your vehicle was determined to be a total loss.

GAP Insurance is designed for all drivers, whether you have a new or used vehicle. It covers cars, vans, light trucks, and motorcycles.

Features include:

  • Reasonable one-time cost of $449 (substantially less than what you'd pay elsewhere)
  • Offered on both new and used vehicles
  • Up to 18 months to sign up after you purchase your vehicle
  • Enrolling is easy and coverage begins immediately

To get more information about Gap Advantage, call a Member Service Representative at (413) 532-7007 or stop by any Holyoke Credit Union branch.

Guaranteed Asset Protection (GAP) is not a deposit or other obligation of, or guaranteed by, your financial institution or its affiliates. Your credit approval cannot be conditioned on whether you purchase GAP Advantage insurance. GAP Advantage is offered through Allied Solutions.

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