Access to your accounts anywhere, anytime
Essential protection against costly car repairs
Reduce costly vehicle repair bills
Choose the plan that fits your budget and needs
800.358.8228, then choose option 6
Have you ever heard a strange noise while driving, taken your car to the shop, then been hit with an astronomical repair bill? A breakdown doesn’t have to break the bank if you have the right coverage.
Mechanical Breakdown Insurance (MBI)1 can get you back on the road in no time – with minimal impact to your pocketbook. MBI limits your vehicle repair costs and can provide you with rental car reimbursement and emergency roadside service. There are no out-of-pocket expenses (after any deductible), and you can have your vehicle serviced at any authorized repair facility in the US or Canada.
Rental vehicle reimbursement and flexible deductibles
24-hour emergency roadside assistance
Reduce costly repair bills
Use at any authorized repair facility in the US or Canada
Mechanical Breakdown Insurance (MBI) can limit your vehicle repair costs and provide you with rental car reimbursement and emergency roadside service.
For customized pricing, please schedule a Zoom appointment or visit one of our local branches to learn more about MBI.
MBI may cover repairs for engines, transmissions, suspension, hybrid and electric vehicle components, electronics, and more. To learn more, please schedule a Zoom appointment or visit one of our local branches to learn more about MBI.
Whether you’re comfortable investing on your own, want just a little help, or need a customized investment strategy, Patelco Financial Solutions2 can help you stay on the right track today – and tomorrow. We’ll even provide you with a complimentary financial consultation. Getting started is easy!
Patelco offers insurance solutions3 for every stage of life, so no matter where you or your family are at, we’ve got you covered. Learn more about how you can help protect yourself and those you love.
Patelco helps you get ready for the unexpected with our Patelco Protection Plans. We know that life can come at you in the most unexpected ways; that’s why we offer protection plans to help you be financially prepared for anything that comes along. Are you ready for the expected? What if there’s an injury and you’re unable to work? Will your current coverage be enough? Or in the event of your unexpected death, will your family be able to keep up with everyday expenses and debt? It is possible to plan for the unexpected with our loan and payment protection plan that cancels your loan payments or balance, up to the contract maximums, if you suffer a covered unemployment, disability or pass away. But what if other unexpected expenses come along? Can you cover the gap? For example, getting a new vehicle is exciting, but it starts losing value the second you drive it off the lot. And if it gets wrecked or stolen you could owe more than your insurance will pay, and that gap could be thousands of dollars. For a one-time cost of $595, Guaranteed Asset Protection, or GAP Plus, can help reduce that gap and put you back where you belong – behind the wheel. It can be financed as part of your loan. This averages out to just over $8 per month over the course of a 5 year loan, giving you protection and can help provide you peace of mind. But what happens when those big repair bills come along? Mechanical Breakdown Insurance (MBI) can help make big repair bills a lot smaller. Just choose a plan and deductible to help reduce your out-of-pocket expenses on covered repairs and get additional benefits like roadside assistance, rental and travel expense reimbursement, and more. So when life throws you an unexpected curve – you can be covered. Ask a team member for a quote or learn more at Patelco.org/insurance.
Looking for ways to save money? Find out how to build an emergency savings fund from the experts at Patelco Credit Union. Start saving now!
Find out how to save on car insurance. Discover tried and true ways to reduce premiums and uncover discounts. You may also be able to save now!
Stuck in debt and want to break the cycle? Get tips for how to pay off debt faster and reach financial well-being.
1 Mechanical Repair Coverage is Mechanical Breakdown Insurance in CA underwritten by Virginia Surety Company Inc. In all other states, Mechanical Repair Coverage is a service contract provided and administered by Consumer Program Administrators, Inc. except in New Hampshire, where coverage is provided and administered by Consumer Program Administrators, Inc. dba Consumer Warranty Program Administrators, in TX, where coverage is provided and administered by Consumer Program Administrators, Inc. dba The Administrators of Consumer Programs (TX License #175), in FL and OK, where coverage is provided and administered by Automotive Warranty Services of Florida, Inc. (Florida License #60023 and Oklahoma License #44198051), and in WA, where coverage is provided by National Product Care Company and administered by Consumer Program Administrators, Inc., all located at 175 West Jackson Blvd., Chicago, Illinois 60604, 1.800.752.6265. This coverage is made available to you by CUNA Mutual Insurance Agency, Inc.
2 Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Patelco Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
3 Insurance products are not deposits of Patelco Credit Union and are not insured by the NCUA. They are not guaranteed by Patelco Credit Union and may be subject to risk. Any insurance required as a condition of an extension of credit by Patelco Credit Union need not be purchased from Patelco Insurance Services and may be purchased from an agent or an insurance company of the member’s choice. Patelco Insurance Services is a subsidiary of Patelco Credit Union. Insurance products are offered by Patelco Insurance Services, a California insurance agency (License #0C97544). Any complaints may be filed with the California Department of Insurance at insurance.ca.gov.
