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SCAM ALERT: Sandia Area members are continuing to report fraudulent phone calls and text messages from people claiming to be Sandia Area member representatives. This includes spoofed phone numbers which appear to originate from Sandia Area. Please be aware that Sandia Area will NEVER initiate a phone call or text message asking for your online banking credentials or to request a transfer of funds. Learn more ► 

Guaranteed Asset Protection (GAP)

Add more protection to your vehicle loan.

GAP Insurance can help make sure your car is paid off in the event of an accident

Guaranteed Asset Protection (GAP) offers protection against financial liability for members who finance eligible titled vehicles. GAP covers the difference between market value of the vehicle and the loan balance, in the event the vehicle is totaled or stolen.

  • GAP protects you from owing more on your vehicle than it is worth
  • Covers vehicle for life of loan
  • Sandia Area cost is substantially lower than you’ll find elsewhere
  • One time cost can be added to amount borrowed

How GAP works

GAP can waive the difference between what the insurance company pays and the loan amount.

For example:

Insurance Settlement  
Vehicle Cash Value $11,000
Deductible $500

Insurance Settlement

Loan Settlement  
Outstanding Balance $15,000
Insurance Settlement $10,500
Deficiency Balance $4,500

GAP Amount



Request GAP for your next vehicle loan!


Your purchase of MEMBER’S CHOICETM Guaranteed Asset Protection (GAP) is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the GAP Waiver agreement for a full explanation of the terms of GAP. If you choose GAP, adding the product fee to your loan amount will increase the cost of GAP. You may cancel the protection at any time. If you cancel protection within 90 days you will receive a full refund of any fee paid. You will receive additional information before you are required to pay the fee for this product. Insurance products are not insured by NCUA or any Federal Government Agency; are not a deposit of, or guaranteed by the Credit Union or any Credit Union Affiliate; and may lose value.

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