At Hermantown FCU, you are more than a credit score. Our experienced, local lenders are here to listen to you and help you in any way that they can. We don’t just look at a credit score and make a decision. We take the time to get to know you and truly personalize your loan experience, so you can finance what you need without a hassle.
From rates to repayment, we will work with you to get the loan you deserve.
Please contact us today to start your loan process.
Payment Protection with Life, disability and involuntary unemployment coverage (if eligible)
- The Life coverage will pay off your remaining loan balance if you pass away (up to $75,000)
- The Disability coverage will make your monthly loan payments (up to 6) should you become disabled and unable to work.
- The Involuntary Unemployment benefit will make your monthly loan payments (up to 3) should you become unemployed.
GAP with Auto Deductible Reimbursement
- Pay up to 2 insurance deductibles a year, up to $500 each for the first 2 years should you damage your vehicle and have an insurance deductible. This coverage applies to all cars in household that are titled and insured on.
- In the event of vehicle being damaged to the extent that it is deemed a “Total Loss” by the insurance company, GAP coverage will kick in and pay the difference that’s left on loan. It will also give you an extra $1,000 towards the purchase of another vehicle financed at Hermantown Federal Credit Union.
Mechanical Breakdown Coverage
- Easy Street Coverage- This coverage includes items covered under the manufactures original warranty coverage excluding some wear-out items such as brake pads, tires, shocks, etc.
- Main Street Coverage- This covers many engine components, transmission components, front suspension, steering, and brake items.
- First Street Coverage- This covers many engine components, transmission components, and powertrain components to help keep the vehicle on the road.
You can take your vehicle to the shop of your choice for any repairs to be completed with no deductible to pay.
This plan includes:
- 24/7 roadside service
- Rental car provision
- Total loss refund- if vehicle is ever totaled by the insurance company, HFCU will reimburse the full purchase price regardless of claims paid
- Diesel- injectors are covered