Collateral Protection Insurance

Auto Loans without proof of insurance will require CPI.

When CPI is placed on a loan, the payment increases by $65 per month

CPI coverage is not the same as normal car insurance. It only covers OE Federal’s investment. In the event of an accident, you may be liable for all bills and debts. You also run the risk of losing your license or having your vehicle impounded for driving without insurance.

You can provide proof of insurance to OE Federal in one of four ways:

1. Email: oefederalcreditunion@myloaninsurance.com Please note: This is an automated email account and emails with file attachments in PDF, PNG, TIF, or JPG formats can be accepted.
2. Fax to: 1.877.889.8771
3. Upload to: myloaninsurance.com/oefederalcreditunion
4. Mail to: OE Federal Credit Union Insurance Tracking Center P.O. Box 924686 Fort Worth, TX 76124

Your insurance must include the following:

• Continuous insurance coverage with no lapses
• OE Federal Credit Union named as lien holder or loss payee
• Comprehensive & collision coverage with deductibles not greater than $1,000

Please note: An insurance ID card is not adequate evidence of the required physical damage insurance.

If you have questions about Collateral Protection Insurance (CPI), please contact State National at 866.280.0693.

OE Federal Credit Union partners with TruStage Auto and Home Insurance. If you are interested in a quote, please call 888.531.1256.