Mechanical Repair Coverage

The average car repair costs more than $1,200.2"55% of Americans don't have $500 in cash for an emergency."1 With Mechanical Repair Coverage (MRC), you can offer a vehicle service contract to your members, to help in protecting them from unexpected vehicle repair costs. Because members are holding onto vehicles longer, MRC could be more important today than ever before. Use MRC to protect more members, more ways – and increase non-interest income for your credit union. Find out what each plan covers(opens in a new window).

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Two Convenient, Complementary Distribution Channels

Loan Officer Channel

Your loan officers engage members during the loan event, when they have the highest propensity to purchase.

Direct Marketing

Reach 100% of eligible members, including indirect borrowers and those without an auto loan.

The New Direct Marketing Channel Allows You To

  • Protect ALL eligible members, at a competitive price
  • Direct members to an online shopping experience, with access to expert customer service through a dedicated call center
  • Earn more non-interest income
  • Implement with minimal time and resources needed

Protect More Loans, More Ways

MRC is one of the products available in our comprehensive lending suite.

Additional Resources for Our Customers

1Varo Press, "New Survey from Varo Shows Americans Are Unfunded but Optimistic", Jan 3, 2020. 2CUNA Mutual Group data, average credit union member mechanical repair claim costs, 2019. MEMBER’S CHOICE® Mechanical Repair Coverage is made available to you by CUNA Mutual Insurance Agency, Inc., and is insured by Virginia Surety Company, Inc.