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Routing Number: 271975566

Depreciation Protection

Protect the equity of your vehicle!

What is Depreciation Protection?

Depreciation Protection (DPW) protects your vehicle equity and hedges against depreciation over the life of the loan. In the event of a total loss, DPW provides a waiver benefit equal to the difference between the vehicle value at the time of purchase, less the loan balance at the time of loss up to a maximum waiver benefit of $10,000, or the outstanding loan balance.

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Benefits of Protection:

  • Protection for collision
  • Life-of-loan Protection
  • No mileage or year restrictions
  • Protection for theft and fire
  • 100% open enrollment
  • Protection for vehicle depreciation

Ideal for Those Who:

  • Finance 90% LTV or less
  • Put money down
  • Trade in a vehicle
  • Make accelerated loan payments
  • Need to protect equity

How It Works


Purchased at Dealership6 Months1 Year3 Years
Price of Vehicle (MSRP/Retail)$30,000$30,000$30,000$30,000
Outstanding Loan Balance$28,500$26,681$24,469$15,282*
Depreciation Protection Waiver Benefit at Total Loss:$1,500$3,319$5,531$10,000

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*Maximum Waiver Benefit can vary depending on level of protection selected and/or offered. Please reference the waiver addendum for specifics regarding maximum waiver amounts. *$10,000 Waiver Benefit applies here because waiver amount will not exceed the lesser of the maximum amount listed in the waiver addendum or outstanding loan balance at total loss. Loan Amortization Used in Example: 2.99% APR, 72-month

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Why choose Earthmover?

Earthmover Credit Union has been a part of the community for over 60 years. Our philosophy is "People Helping People" and we pride ourselves on helping you earn higher returns on savings accounts while saving you money on loan rates and service fees. As a not-for-profit financial cooperative, we work hard to provide the very best member service in the community. We hope you consider becoming a member and owner of Earthmover Credit Union!

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