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Home Equity Loans

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Select either a fixed rate with a set payment and term, or a variable line of credit that allows you to borrow up to your maximum credit limit. Home Equity Loans may also offer tax advantages. See your tax advisor for details. 

Home Equity Lines of Credit

  • Financing available for up to 100% of your home’s value
  • $5,000 Minimum loan value
  • Competitive variable rates
  • Funds may be accessed through Gerber FCU digital banking (transfers), or through an advance at a branch
  • Limited closing costs and no annual fees

Home Equity

  • Financing available for up to 100% of your home’s value
  • $5,000 minimum loan value
  • Low fixed rates
  • Qualifies for Loyal Member Discounts
  • Flexible terms up to 15 years
  • Limited closing costs and no annual fees

Accidental Death & Dismemberment Ins

Life Insurance

Vehicle Loans

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Finance new or used cars, trucks, sport utility vehicles, vans, boats, recreational vehicles, and motor homes at great rates.  Get pre-approved before you shop, log in to Gerber FCU digital banking and apply now! 

Searching for the right vehicle? Local businesses are a great place to start looking!

Loan Rates

GAP Vehicle Insurance

Guaranteed Auto Protection is inexpensive and can be included as a small addition to your monthly payment.

Protect your Vehicle Investment, Not Just Its Value.
You could lose more than your vehicle, boat, motorcycle, or RV if it is stolen or involved in a major accident. You could lose your investment. Because most insurance policies only cover the value of your vehicle -- something that rapidly declines during the first few years of ownership -- your loan or lease balance could be higher than the value of your vehicle.

Now you can protect your vehicle, boat, motorcycle, or RV investment with Guaranteed Asset protection (GAP). GAP is a non-insurance product and is made available via a loan/lease deficiency waiver that covers the "gap" between the vehicle's value and the amount you still owe. Essentially, GAP protects you and your entire investment from substantial loss.

What Does GAP Protect?
GAP was designed for all drivers, whether you finance or lease a new or used vehicle. It covers automobiles, vans, light trucks, motorcycles, boats, travel trailers, motor homes, golf carts, jet skis, snowmobiles and almost any other vehicle.* GAP coverage goes into effect when you need it most -- when your vehicle is stolen and isn't recovered, or is totaled in an accident and can't be repaired.

GAP covers the difference between your primary carrier insurance settlement and the payoff of your loan or lease, less delinquent payments, late charges, refundable service warranty contracts, and other insurance related charges. Included in this difference is your insurance deductible, up to $1,000.

The GAP Advantage
The following is a typical example of how GAP advantage comes through for you:

Original purchase price $25,000
Loan balance after one year  $20,000
Insurance settlement covering vehicle's current value $16,000

Your lost investment without GAP:

Your remaining unpaid
loan balance (the "gap")

(Including your deductible, up to $1,000)**

GAP pays the following toward the financing or leasing of a replacement vehicle:

GAP waives the difference  $4,000
GAP Advantage also provides
you with the following toward
the financing/lease of a replacement vehicle when
financed with GFCU
Total GAP Advantage Benefit  $5,000

Auto Advantage Program

As a Thank You for purchasing GAP Vehicle Insurance, you will receive the Auto Advantage Program:

Auto Deductible Reimbursement
Pays up to $500 per loss (UNLIMITED losses per year) when a Loss is filed and paid by the auto insurance company for a Covered Auto the Member owns or leases evidenced by the title or registration, AND insures under an Auto Insurance Policy designating the Member as the Named Insured.

Personal ID Restoration Consulting
With Personal ID Restoration Consulting, you now have the peace of mind of knowing that a professional is standing ready to help restore your good name if identity theft strikes.

Help protect your purchases...The Warranty Vault make is quick and convenient! The online storage and organizing service that helps you take full advantage of your consumer product warranties while you are a member of the Auto Advantage Program.

This summary is a brief overview of the program and is not considered a full disclosure of policy terms. Please click below and refer to the Terms and Conditions for complete forms, conditions, limitations, definitions and exclusions.

*Please consult your financing representative to determine if all of these collateral types are eligible for GAP protection.
** Deductible waiver is available in most, but not all states. Please consult your financing representative for the availability of this benefit.

Auto Advantage - Learn More

Extended Warranty Coverage

Protect your investment from costly mechanical breakdowns with an extended service contract that gives you all the benefits and options you want at an affordable price.  Route 66 Warranty has a complete line of coverage designed to keep your vehicle on the road.  Even the most reliable vehicle can develop a mechanical problem; that's why so many people depend on Route 66 Warranty.  No matter where you travel in the United States you are protected against major mechanical expenses, and there is no deductible on covered parts or labor.  All plans come with 24 hour/7 days a week Emergency Roadside Service.

Extended Warranty FAQ

CARFAX Vehicle History Report

This report offers salvage or flood history, total loss events, frame damage, accidents reported to CARFAX, mileage accuracy, number of owners, lemon/manufacturer buybacks, recalls/major repairs, safety and reliability.

Why did I receive a notice about providing proof of insurance?

Your loan agreement with Gerber Federal Credit Union requires you to maintain full coverage insurance on the collateral pledged for the amount and the term of the loan.  Collateral could be your vehicle, marine, house or recreational vehicle.

We require that you provide us evidence that you have obtained acceptable insurance coverage as outlined in the loan agreement. If you have received a notice or phone call concerning the insurance coverage on the collateral pledged with Gerber Federal Credit Union, our records indicate that we need an update of this evidence.

Update Your Info Now!

Personal Loans & Lines of Credit

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Utilize our competitively priced unsecured loans for any purpose, from college tuition to consolidating debts.  Flexible repayment plans available.  No processing, annual or pre-payment fees.

Savings Secured Loans

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Borrow against your savings at reduced rates.  Your deposits remain intact while the dividends you earn help offset the cost of your loan.  No credit or income checks.  Quick and easy approval process!

Student Loans

We have partnered with Sallie Mae®. Choose the student loan that's right for you! Whether you're an undergraduate or graduate, we have options to meet your specific needs.  

Benefit from these features — with any loan used for undergraduate or graduate school expenses:

  • Competitive interest rates
  • No origination fee of prepayment penalty*
  • Multiple repayment options

*Although we do not charge a penalty or fee if you prepay your loan, any prepayment will be applied as outlined in your promissory note—first to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.

For loan types and details, click below to learn more.


Gerber Federal Credit Union is not the creditor for these loans and is compensated for the referral of Smart Option Student Loan customers. This information is for borrowers attending degree-granting institutions only. Credit criteria and eligibility requirements apply.

Debt Protection

Life is unpredictable.  With the Gerber FCU Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected – and most importantly – that your family is protected.

Availability and plan options
Gerber FCU Debt Protection program is available for Closed-end consumer loans if the loan has a term of 120 months or less, consumer lines of credit and credit cards. Closed-end consumer and home equity loans (i.e. second mortgages) if the loan has a term of more than 120 months; and home equity lines of credit.  First mortgages are ineligible.  Choose from the plan options listed here.

Designed with you in mind
More than ever, we all worry about things that might happen tomorrow.  Gerber FCU Debt Protection provides an important sense of financial security – knowing your loan will not become a burden to you in times of hardship.

Cancel at any time
You may cancel Gerber FCU Debt Protection at any time. If you do so within the first 30 days, we will refund any fees already paid.

Want to learn more?
Talk to a representative today by calling one of our Lending Professionals at (231) 924-4880 option 3 to learn the details about our Gerber FCU Debt Protection program.

This product is optional.
Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.
Additional disclosures
We will give you additional information before you are required to pay for Debt Protection. This information will include a copy of the agreement containing the terms and conditions of Debt Protection.
Eligibility requirements, conditions, and exclusions
There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your Debt Protection contract for a full explanation of the terms and conditions of the Debt Protection plan.

Skip A Payment

Now you can skip a payment for any month you choose! 

While Gerber FCU encourages members to make responsible financial decisions, we also know that there are times in life when making your monthly payment might be difficult.  Stop into one of our convenient branches today, call Member Service at (231) 924-4880 and select option 2 or print the Skip A Payment application.  You can send the completed application to us using our Secure Contact Form, drop it off at any of our branches, fax to (231) 924-6686 or mail to Gerber FCU, PO Box 116, Fremont, MI  49412.

  • You must be a member in good standing & have all loans current
  • Loans must be on the books for at least 6 months with the six required payments paid in full and on-time
  • All loan types eligible with the exception of open ended or real estate secured loans
  • You may 'skip' each eligible loan one time per year
By requesting a skip payment, you have authorized Gerber Federal Credit Union to advance your loan due date by one month on the loan(s) indicated and acknowledge that this may extend the maturity date of your loan. You acknowledge that this request does not change your legal obligation to Gerber Federal Credit Union, that your loan agreement with Gerber Federal Credit Union provides for regular monthly payments and that Gerber Federal Credit Union is merely informally permitting you to defer payment for the month indicated above. Interest will continue to accrue on the unpaid balance during the month you Skip Payment. When payments resume, unpaid interest will be collected first. You acknowledge that there is a $25 processing fee in order to Skip Payment and payment of this fee must be presented (available) at the time of your request. Your regular monthly payment will resume immediately following the month skipped.

Skip A Payment Application

Loyal Member Discounts

Use Gerber Federal Credit Union products and services and lower your loan rates by up to .75%! Loyal Member Discounts* give you a .125%** loan rate discount for each of the following products or services you use with Gerber FCU: Share Draft Account, Super Savings, Mortgage/Home Equity***, FREE Online Bill Pay, e-Statements with Gerber FCU digital banking, Share & IRA Certificates, Direct Deposit, Automatic loan payment transfer, Debit MasterCard, Platinum Preferred Credit MasterCard. Ask a Member Service Representative today for more information on Loyal Member Discounts!

*Loyal Member Discounts will not apply to First Mortgage, Platinum Preferred Credit MasterCard, HELOC, Indirect Loan or open ended Consumer Loan products. **Maximum total reduction of .75% on loan requests. *** Maximum discounts on Fixed Home Equity Loans: .75% maximum discount for loans 60 months or less. .50% maximum discount for loans 61 to 120 months. .25% maximum discount for loans 121 months and greater.