A GAP Policy can help protect you from having to make loan payments on your vehicle if it's totaled or stolen and not recovered.*
Most cars depreciate by thousands of dollars as soon as they are purchased. Unfortunately, if your vehicle is stolen, accidentally damaged beyond repair, or otherwise declared a total loss, you are still liable to pay the difference, or "gap", between your insurers settlement and your loan balance. That gap will come out of your pocket for a vehicle that, for all practical purposes, no longer exists. GAP is the coverage that pays the potentially high cost difference between your insurance settlement and your loan balance on items directly related to the purchase of the vehicle. Plus, coverage also includes up to $1,000 toward your downpayment on a replacement vehicle! (where allowed by law and when financed through the credit union.)
The peace of mind of Guaranteed Asset Protection (GAP) can be purchased for a one-time payment of $589 for motor vehicles. GAP is also available for power sport, watercraft and recreational vehicles for a slightly higher premium. Call 323-505-2600, prompt 7 to find out more.
Mechanical Repair Coverage
Please call for a brochure outlining the coverage levels available!
323-505-2600, prompt 7
*BE SURE TO CAREFULLY READ YOUR MEMBER'S CHOICE GAP WAIVER. MEMBER'S CHOICE Guaranteed Asset Protection is a debt cancellation product made available through Cal State LA Federal Credit Union and administered by CUMIS Insurance Society, Inc.
RVs, boats, and motorcycles can be major investments—but the adventures, memories, and freedom they bring are priceless. We’re here to help make those dreams more affordable with competitive financing rates and flexible repayment terms designed to keep your monthly payments manageable.
- New or used
- Private party or dealer
- Terms are based on the loan balance
- Competitive rates
Apply for a Loan Loan Payment Calculator Current Loan Rates
When applying, please indicate the type of vehicle in the comment section (ie, motorcycle, boat, RV, etc.) Once you have completed your loan application, please mail, fax, or bring in a copy of your most recent paystub.
All loans on approved credit, and all rates, terms, programs and conditions subject to change without notice. Subject to credit qualification and periodic credit review.
Credit Union auto loan programs are among the best available anywhere! We can finance your new or used car, SUV, van, mini-van, light truck and more. We offer a variety of rates and terms to help more borrowers, not just those with perfect credit. Car shopping this weekend? Apply now and get pre-approved!
Apply for a Loan Loan Payment Calculator Current Loan Rates
Purchases
- Financing available up to 125% LTV
- When you finance 80% or less LTV you may qualify for a discounted rate
- Terms up to 84 months for loan amounts over $25,000.00
- Loan pre-approval available to give you a bargaining edge at the dealer
Refinancing
- Financing available up to 100% LTV
- Terms are based on the remaining loan balance
- Minimum loan amount $5,000.00
- Vehicles must be titled in CA
Auto Insurance
Our insurance products are offered through TruStage Insurance, which has been offering coverage to credit union members for decades. In addition to discounted premiums, TruStage offers no-obligation price quotes and fast, convenient claims services.
Auto Expert Auto Buying Service
Take the worry out of your next car purchase! Auto Expert is a convenient and hassle-free auto buying service dedicated to saving credit union members like you a lot of time and money when buying a car. You’ll save time because you don’t have to hunt down the car you want and haggle with a dealer. And you’ll save money—an average of $1,900—through our volume discount pricing. Plus, there is absolutely no fee to use this service. Let us handle the vehicle search, car dealers, DMV hassles and other details, so you can get on with your life and enjoy your new car!
Car Title Loans
Car title loans are an option for those who have paid off their auto loans, but need cash now. Having trouble getting credit? If your vehicle is paid off, you may be able to qualify for a car title loan based on the value of your vehicle.
To Apply:
Please fill out a loan application. Once your application has been submitted, please e-mail the following supporting documents to
- 2 most recent paystubs (if you receive other sources of income, please contact us for additional information)
- Current evidence of insurance
- Current registration (refinance transactions)
- Most recent statement from current lender (refinance transactions)
Contact info:
- Loan Department: 323-505-2600
- Fax: 323-505-2613 Attn: Loan Dept.
- Mailing address:
Cal State L.A. Federal Credit Union
Loan Dept.
2445 Mariondale Ave.
Los Angeles CA 90032
For personalized assistance and more information, call the Credit Union at (323) 505-2600.
All loans are based on approved credit. All rates, terms, programs, and conditions subject to change without notice. We do not refinance our own loans. For available rates, terms, and payment examples, please see the Loan rates page.
Our Skip-A-Payment allows those with an unexpected emergency to apply for a skip-a-pay. Apply for Skip-A-Payment at least 7 business days before your loan payment date. Skip-A-Pay requests are not guaranteed and will be reviewed for approval. Membership status not in good standing may disqualify you from being approved.
Please note: If your payment is made by Payroll Deduction, your deduction will occur as scheduled and your payment will be deposited to your Savings.
If your payment is made by ACH Origination, please submit your application at least 7 days prior to your scheduled transfer. Payments may still transfer if your application is submitted after that.
Credit Cards, Early Payday Loans, Student Loan, Unsecured Line of Credit and Real Estate Loans are not eligible for Skip-A-Payment. The $29 fee per loan must be paid in advance.
Your account(s) must be in good standing. No more than 2 extensions or modifications are allowed in each 12 month period, based on the loan payment due date. Loans funded less than 6 months prior to the application date or have not satisfied 6 consecutive monthly payments are not eligible for a skip-a-pay. Closed-end secured loans no more than 2 extensions or modifications allowed in each 12-month period, closed-end personal loans no more than 1 extension or modification allowed in each 12-month period. If there is “GAP” coverage on the auto loan, you understand that skipping loan payment(s) does not change the terms and conditions of the original GAP Waiver. GAP does allow up to two skipped payments per year during the life of the loan and in the event of a claim, any additional payment(s) may be deducted from any payable GAP benefit. Finance charges will still accrue.
If you are having difficulty with your payments and need further information, please contact Lorena at 323-505-2600x106. Free, confidential budget counseling and debt management is also available by calling BALANCE at 888-456-2227.
We welcome Cal State LA students, staff and faculty as well as residents from the surrounding communities. Find out your eligibility and join us today!
Apply for membership