Please submit proof of insurance for your auto loan to the address below. Proof of insurance must show that FedStar Credit Union is the lien holder (loss payee) on the vehicle with full coverage insurance and the amount of deductibles for comprehensive and collision protection is not to exceed $500.00.
FedStar Credit Union
701 Harvey Road
College Station, TX 77840
Fax #: 1-979-846-6866
Please call us if you have any questions regarding the coverage requirements. Have your insurer fax or email a copy of your declarations page to the credit union for easy transmission.
Within ten (10) days of the funding date of a loan, proof of insurance is required to be furnished by the member or their insurance agent. If proof of insurance is not provided, Single Interest Insurance to cover the value of the vehicle will be issued by the credit union and the cost of the premium is added to the current loan balance. Insurance covering the vehicle issued on behalf of the credit union is not liability insurance, and does not satisfy any state financial responsibility or no fault laws.
Maximum age of a used motor vehicle to be eligible for financing is ten (10) years from the current calendar year.
To be eligible for financing, a used motor vehicle’s mileage must be less than 150,000 miles.