Insurance

  • Collateral Protection

    If you have a vehicle financed at Border Federal Credit Union, you are required to provide proof that you have current and adequate auto insurance. If you fail to obtain or maintain your own insurance, BFCU may purchase insurance to protect our interest in your vehicle; this insurance is referred to as Collateral Protection Insurance or CPI. The cost of the CPI will cause your monthly loan payment to increase and/or extend the term of your vehicle loan. CPI is more expensive than a personal comprehensive and collision coverage and it does not satisfy your state‐mandated liability insurance requirements.

    If you have recently added coverage or have changed insurance companies, you may update your records by calling (877)288-5233 , bringing proof of insurance to any BFCU location, or updating your information at MyLoaninsurance.com.

    It is required that BFCU be listed as a loss payee or Lien-holder as follows:
    Border Federal Credit Union
    PO Box 924381
    Fort Worth, TX 76124

    Acceptable Lienholder Names
    • BFCU
    • Border FCU
    • Border Federal CU
    • Border Federal Credit Union
    *Deductibles for comprehensive and collision: $1000 or less
    If you have questions, please email borderfcu@myloaninsurance.com or call (877)288-5233

  • GAP Insurance

    Sometimes, if a member suffers a total loss of their vehicle, their regular insurance coverage does not pay off the entire balance on the loan. BFCU now offers special insurance to pay off that remaining balance. Be sure to consider this coverage when seeking new or used vehicle financing.

    *Certain Restrictions apply, please contact us for more details at (830) 774-LOAN.

  • Mechanical Breakdown Insurance

    Mechanical breakdown insurance can extend the warranty on your vehicle for pennies a day. Members can relax knowing their investment is protected after the factory warranty runs out. BFCU also offers this special coverage. Be sure to consider this coverage when seeking a new or used vehicle financing.

    *Certain Restrictions apply, please contact us for more details at (830) 774-LOAN.

  • Homeowners Insurance

    Learn more about our Homeowners insurance here!

  • General Life Insurance

    Learn more about our General Life insurance here!

  • AD&D Insurance

    Learn more about our AD&D insurance here!

  • Auto Insurance

    Learn more about our Auto insurance here!

Additional Member Benefit at No Cost!

Through a partnership with American Income Life Insurance Company (AIL), an AD&D benefit and other no-cost offers are being provided to all members of Border Federal Credit Union.

Included:

  • Group Accidental Death and Dismemberment Benefit

  • AILPlus Health Services Discount Program*

  • Legacy Will Kit

  • Needs-Based Analysis

Click HERE to designate your beneficiary and to learn more.

AILPlus Health Services Discount Program is not available in NY. Lab testing not available in MD, NJ, or RI. This is a solicitation for insurance. An AIL representative will contact members who return the reply card by mail or respond online to arrange a convenient time to deliver their certificate of coverage and other no-cost offers and review other supplemental insurance benefits that may be available. For more information, please contact our local representative, Jamie Beuschel, AIL Public Relations, at 616.275.2978.