October 2020
*Annual Percentage Rate. All loan financing is based upon credit qualifications. Offer applicable to new money only. Other restrictions may apply. Please see credit union for full details and disclosure. Offer subject to end without notice. Equal Housing Opportunity. Federally Insured by the NCUA to at least $250,000
GAP Protection

GAP insurance can help protect you if your vehicle is lost, stolen, or totaled, and you owe more on your vehicle than the insurance is willing to give you to pay off the loan. For a one-time cost of only $450, you will be covered for the difference between the market value of your vehicle and what the insurance will give you in the event of a loss.

With the GAP Advantage, you automatically get $1,000 to use on the purchase of your next vehicle as long as you finance with Quaker Oats Credit Union within 90 days.
Deductible Reimbursement Insurance

If you have GAP coverage and your vehicle was damaged during the Derecho, don't forget to use your Auto Deductible Reimbursement.

Auto Deductible Reimbursement Insurance, a part of the GAP policy, helps cover out-of-pocket expenses, such as your insurance deductible, when you have an accident or mishap with your vehicle.
  • Pays up to $500 per loss when a claim is filed and paid with your primary insurance carrier.
  • Loss is defined as an event for which the auto insurance company has approved & paid a claim which exceeds the Covered Auto Deductible for a collision or comprehensive claim.
  • Coverage is effective upon the date of enrollment and will continue for three years.

Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled in the same person’s name that is listed on the GAP policy.
Route 66 Logo
Extended Warranty

Whether you buy a new or used vehicle, Quaker Oats Credit Union can help you protect it with our mechanical breakdown coverage that we offer through Route 66. This warranty is designed to help you with major repairs. You can purchase a warranty plan to fit your needs regardless of the year and mileage.
Insurance Check

If you receive an insurance check to cover damages for a vehicle and the vehicle is used as collateral for a QOCU loan, we must endorse the check. However, before we can endorse the check we must receive written proof of a repair from a certified body shop. Otherwise, the check must be applied to your loan balance.
Skip-A-Payment


Sign-up for Quaker Oat's Annual Holiday Skip-A-Payment Program before November 20th, and you'll have the opportunity to skip December's payment on any Quaker Oats Credit Union loan to help pay for holiday expenses.

The following loans are NOT eligible for Skip-A-Pay:
  • Home equity and credit card loans.                 
  • Loans financed after June 1, 2020.
  • Loans delinquent within the last 6 months.
  • Loans with a monthly payment of $100 or less.
  • Loans subject to an extension in 2020.
  • Loans with a balance of $500 or less.
  • Loans that participated in 2020 COVID Skip-A-Pay. 
Complete and submit the Holiday Skip-A-Payment Form before November 20, 2020.  
Family at Hotel
Credit Life & Disability Insurance

Quaker Oats Credit Union proudly offers Credit Life & Disability Insurance on all our loans to help protect your home and family if you can’t be there for them. If you pass away during the period of a loan, Credit Life Insurance will pay off or reduce your remaining loan balance.

Credit Disability Insurance will help you make your loan payments in the event you become disabled or go off work for medical reasons for at least 14 consecutive days. This insurance will continue to make your loan payments until you return to work.
Donations 

Thank you for all the donations to Families Helping Families over the years! Unfortunately, due to COVID-19 concerns we will not be taking donations at the credit union this year. We would still like to encourage our members to donate. Here are a few places in the area that are accepting donations:

Olivet Neighborhood Mission provides emergency food boxes to those in need. Non-perishable food items can be dropped off at their location or monetary donations are also welcome.

Cedar Valley Humane Society accepts monetary donations as well as specific items and supplies from their wish list for the animals in the shelter.

Jane Boyd accepts monetary donations to fund programming for children in at-risk, low-income households.

Thank you for choosing Quaker Oats Credit Union!
Dates to Remember

Monday, October 12 - Closed for Columbus Day

Monday, November 2 - Christmas Club Transfer

Friday, November 20 - Last day to apply for Skip-A-Pay

Remember, even when we are closed we're still open. Access your account information 24/7 with QO Mobile App or Online Banking!
3535 Center Point Rd. NE
Cedar Rapids, IA 52402-5530
Phone: 1-319-395-7060
Toll-Free: 1-800-519-9762
Fax: 1-319-395-7135

Federally insured by the NCUA. Equal Housing Opportunity