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*.
| DISCOUNT | DESCRIPTION | DISCOUNT |
|---|---|---|
| 1 | Extended Warranty | 0.25% |
| 2 | First Time Borrower/New Membership | 0.25% |
| 3 | Credit Life or Disability Insurance | 0.25% |
| 4 | GAP with PowerBuy | 0.25% |
| 5 | Multi Loan Discount | 0.25% |
| 6 | Gulf Coast Educators Insurance Services, LLC Discount | 0.25% |
| 7 | Direct Deposit | 0.25% |
| Maximum discount is 1.00% for Auto, Boat, Motorcycle, and RV/Travel Trailer loans, and 0.75% for personal loans. | ||
* APR = Annual Percentage Rate.