FRAUD ALERT: Debit Card Scam
Scammers are targeting members of credit unions, including South Central Credit Union, and posing as Fraud Department representatives to try to steal your information. These scams have been conducted primarily via phone or text, claiming there have been suspicious charges on your account. Do NOT share any part of your debit card number, PIN, or online banking credentials. We will never contact you over phone or via text to ask for your sensitive information. If you receive a suspicious text or call, do not respond. Instead, contact us directly at 517-787-2220 or send us a secure message via our South Central mobile app. Stay vigilant and protect your personal information.

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WHAT IS Depreciation Protection?

Depreciation Protection (DPW) protects your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,000, or the outstanding loan balance.

BENEFITS OF PROTECTION:

  • Protection for collision
  • Life-of-loan Protection
  • No mileage or year restrictions
  • Protection for theft and fire
  • 100% open enrollment
  • Protection for vehicle depreciation

IDEAL FOR THOSE WHO:

  • Finance 90% LTV or less
  • Put Money Down
  • Trade in a vehicle
  • Need to protect equity

DPW Chart

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