Loan Discounts

1. Extended Warranty Discount – GCEFCU offers several vehicle protection plans to add to your loan. If you add an extended warranty through the credit union, you can receive 0.25% off your APR*.

2. First Time Borrower/New Membership Discount – If you have never had a loan financed with GCEFCU, you can receive a discount of 0.25% off the APR* of your first loan.

3. Credit Life or Disability Insurance Discount – Add Credit Life or Disability Insurance to your loan through the credit union and you may receive 0.25% off your APR*.

4. GAP with Powerbuy Discount – Add Gap with Powerbuy to your loan through the credit union and you may receive 0.25% off your APR*.

5. Multi Loan Discount – If you currently have multiple loans with GCEFCU, you may qualify for a multi loan discount of 0.25% off your APR*.

6. Gulf Coast Educators Insurance Services, LLC Discount – If you have any type of insurance service through Gulf Coast Educators Insurances Services, you may qualify for a discount of 0.25% off your APR*. Insurance offered through Gulf Coast Educators Insurance Services, LLC. Funds should not be considered a deposit or guaranteed by Gulf Coast Educators Federal Credit Union. Funds are not insured by the NCUA or any federal government agency.

7. Direct Deposit – If you have at least 1 payroll direct deposit per month of $25 or more into your GCEFCU checking account, you may receive a discount of 0.25% off your APR*.

DISCOUNTDESCRIPTIONDISCOUNT
1Extended Warranty0.25%
2First Time Borrower/New Membership0.25%
3Credit Life or Disability Insurance0.25%
4GAP with PowerBuy0.25%
5Multi Loan Discount0.25%
6Gulf Coast Educators Insurance Services, LLC Discount0.25%
7Direct Deposit0.25%
Maximum discount is 1.00% for Auto, Boat, Motorcycle, and RV/Travel Trailer loans, and 0.75% for personal loans.

* APR = Annual Percentage Rate.