PowerCo Federal Credit UnionPowering Your Financial Success Since 1935
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To register for Online Banking or Online BillPay, call Powerco at (404) 506-3750 or 1-800-633-5217. Please note that passwords are case-sensitive.

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Products and Services

Products & Services

GAP Vehicle Loan Coverage

  • Covers the Financial GAP Between the Actual Cash Value of Your Vehicle and the Amount Your Auto Insurance Policy Will Pay in the Event Your Vehicle is Deemed a Total Loss Due to Accident or Theft 
  • Even Covers Your Auto Insurance Deductible, Up to $1,000
  • Available for New and Used Vehicle Loans
  • Low Cost, More Affordable than Dealer Offered Coverage
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We all know someone who has had their vehicle stolen or totaled in an accident. And, many times the amount the insurance company will pay is less than the actual amount owed on the vehicle.

Powerco is here to help

As a member of Powerco Federal Credit Union, you now have the option of purchasing low-cost GAP coverage with your new or used automobile loan, boat loan or motorcycle loan.

Why do I need GAP coverage?

In the event that your vehicle is deemed a total loss due to an accident or theft, your auto insurance policy will usually only cover the actual cash value or market value of your vehicle minus your deductible.

This settlement could be significantly less than the amount you owe to your lender. The final result is a financial GAP where you must make up the difference, which could mean thousands of dollars out of your pocket.

What is GAP coverage?

Guaranteed Auto Protection Plus protects individuals who finance a new or used vehicle from this financial gap. GAP covers the difference between the actual cash value of your vehicle and the loan balance. GAP will even cover your automobile insurance deductible up to $1,000!


Insurance and Warranty products are not products of the Credit Union; and are not obligations of or guaranteed by the Credit Union. Insurance or warranties may be purchased from an agent or an insurance company of the Member's choice; and the Credit Union makes no representation as to the services of any provider.



This credit union is federally insured by the National Credit Union Administration.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS# 762143

Equal Housing Lender