What Services Are Offered?

Sioux Valley Co-op FCU offers several services to its members. Following is a listing and brief explanation of these services:

  • Passbook savings (regular shares)- $5.00 is considered one share. Dividends paid quarterly

  • Loans

  • Share Certificates– also known as savings certificates

  • ACH Originations– a member may have funds deposited into credit union accounts from outside checking or savings accounts

  • Christmas club– Dividends paid annually

  • Payroll Deductions– An excellent way to save and/or make loan payments

  • Credit Disability Insurance and Credit Life Insurance– available at a minimal cost to borrowers

  • New/Used Car Buyers’ Guides– a member may contact the Credit Union for information on the value of vehicles

  • Direct Deposit– A member may deposit regular checks directly into his/her account with necessary arrangements

  • Coin Collector Sets– State quarter and Presidential dollar coin sets are available for purchase

  • E-statements

  • Prepaid Debit Cards

  • Youth Club

  • Home Banking

What Types of Loans Does Sioux Valley Co-op FCU Offer?

  • New and used vehicles

  • Motorcycles

  • Campers

  • Boats

  • Personal watercrafts

  • Golf carts

  • Trailers

  • Snowmobiles

  • ATVs

  • Signature loans

  • Bill consolidation

  • Share (savings) secured loans

    ***Members are encouraged to contact the credit union for up-to-date rates, limits, etc.***

Debt Protection Coverage

Our Debt Protection program is designed to cancel a member’s loan balance or reduce repayment of the loan debt should a protected life event occur. This customizable program allows you to determine the loans and life events you want to protect - including loss of life or disability.

Key benefits:

  • Flexible features, benefits, and pricing

  • Experienced guidance and support every stop of the way

  • Implementation that’s designed to be quick and easy

Guaranteed Asset Coverage

Our GAP Program helps cover the remaining balance of your loan if you experience a total loss before it is paid off. Most insurance policies only cover the actual cash value of your asset. As a result, there can be a substantial "GAP" between your loan and the amount your insurance company pays to replace your vehicle.

How GAP Works!

  • Loan Balance at Time of Loss: $23,000.00

  • Value of Vehicle at Time of Loss: $19,000.00

  • Less Insurance Deductible: -$1,000.00

  • Primary Insurance Settlement: $18,000.00

  • Difference owed: $5,000.00

YOUR POTENTIAL OUT-OF-POCKET EXPENSES WITH GAP: $0.00

**Subject to the terms, conditions, limitations, and exclusions set forth in your GAP waiver Addendum.

**This is an example for illustrative only. Your actual GAP benefit will vary based on your specific circumstances.

Mechanical Breakdown Protection

The vast majority of costly mechanical and electrical failures occur after the factory warranty has expired. Avoid expensive repairs by protecting your vehicle with a Mechanical Breakdown Protection contract!

What can this Protection include?

Coverage Benefit Freebies*

  • Roadside Assistance

  • Rental Vehicle Assistance

  • Tire Road Hazard

  • Trip Interruption

Personalize Your Coverage:

  • Platinum Protection

  • Gold Protection

  • Silver Protection

  • Copper Protection

*This graphic highlights the benefits of the Mechanical Breakdown Protection plan. Please refer to the actual services contract for coverages, exclusions, terms and conditions.

Please inquire with a Member Service representative or Loan Officer for more details.