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Collateral Protection Insurance (CPI)

What is CPI?

Collateral Protection Insurance pertains to a situation that occurs when your vehicle insurance changes or lapses; or your title does not name First Atlantic Federal Credit Union a lienholder during the life of a vehicle loan you have with the credit union.


Why CPI?

Your Loan Agreement requires that you maintain insurance covering physical damage to protect the credit union's interest in your collateral. Your signed Loan Agreement allows First Atlantic to purchase Collateral Protection Insurance, and add the premium for it to your loan balance, if you do not obtain or maintain insurance coverage. In some cases, the credit union can also increase your payments to cover the cost of the insurance.


CPI Can Be Expensive

Usually, when CPI is purchased on your behalf, the cost is considerably higher than you might pay on your own. Therefore, we encourage you to get coverage through  TruStage Auto Insurance or another insurance provider.


How to Provide Insurance Information

If you receive a letter from First Atlantic stating that we do not have your insurance information, you can visit At that site, you can provide your insurance information, and avoid more costly Collateral Protection Insurance.

It is important to inform your agent or agency to name First Atlantic Federal Credit Union as "Loss Payee/Lienholder". The mailing address for insurance verification purposes is:

First Atlantic Federal Credit Union
P.O. Box 924169
Fort Worth, TX 76124


Be Aware Of What CPI Does

Please remember, CPI only protects First Atlantic's interest in your collateral. It does not protect your interest or equity in the collateral. It will not provide bodily injury or property damage liability coverage, or meet any state financial responsibility or no-fault laws. CPI will not provide medical insurance, uninsured motorist, or underinsured motorist coverage.

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