July 2023 QuickNote
*Federally insured by the NCUA. Equal housing opportunity. The $100 cash offer is only valid on new qualifying loans. $5,000 minimum loan amount. $100 early payoff penalty fee for the first six months.
Extended Warranty

A vehicle is a huge investment. With all the computer and electronic parts in today’s vehicles, one mechanical repair can often end up costing several thousands of dollars. In order to keep you on the road, we have partnered with Route 66 to offer an extended warranty that comes loaded with benefits that you don’t usually get with a warranty from a dealership. Route 66 warranties are often cheaper than dealership offerings, and there is no deductible. 

Plus, you can choose any certified mechanic you’d like and aren’t forced to take your car to the dealership. Also, the warranty is transferable, which makes your car worth more money at resale."
Member Appreciation

Please join us for POP-IN Member Appreciation events on:

  • Friday, July 28th, from 2 pm – 4 pm
  • Friday, August 25th, from 2 pm – 4 pm
 
Sarah Buehler and Gabe Rohwedder of Securian will serve treats and answer your financial questions. We look forward to seeing you! 
Credit Life Insurance 

Credit Life Insurance is available for all QOCU loans to help protect your home and family if you can’t be there for them. If you pass away during the period of a loan, Credit Life Insurance will pay off or reduce your remaining loan balance.
Credit Disability Insurance

Credit Disability Insurance is available for any QOCU loan to reimburse you for your loan payments in the event you become disabled or go off work for medical reasons per doctors' orders for at least 14 consecutive days.
Vehicle Protection Plan

Quaker Oats Credit Union offers a Vehicle Protection Plan (VPP) with 6 essential coverages on any vehicle:

  1. Key/Remote Replacement
  2. Tire & Wheel Road Hazard Protection
  3. Cosmetic Wheel Repair
  4. Paintless Dent Repair
  5. Windshield Repair
  6. 24-Hour Emergency Roadside Assistance

Please contact the credit union to get a FREE quote. An auto loan with QOCU is not required to purchase VPP.
Gap Protection

Cars are depreciating faster than people are paying off loans. This means that in the event you are in an accident and your vehicle is totaled you may owe more on your vehicle than the insurance is willing to give you to pay off the loan.

GAP insurance can help protect you in the event that your vehicle is lost, stolen, or totaled. For a one-time cost of only $495, you will be covered for the difference in the market value of your vehicle and what the insurance will give you in the event of a loss.

With the GAP advantage, you automatically get $1,000 to use on the purchase of your next vehicle as long as you finance with Quaker Oats Credit Union within 90 days.
GAP
Auto Advantage Deductible Reimbursement Insurance

We're proud to offer our members Auto Deductible Reimbursement Insurance, included with your purchase of GAP Insurance, that will help cover out-of-pocket expenses, such as your insurance deductible when you have an accident or mishap with your vehicle.

  • Pays up to $500 per loss when a claim is filed and paid with the primary insurance carrier.
  • Loss means an event for which the auto insurance company has approved & paid a claim which exceeds the Covered Auto Deductible for a collision or comprehensive claim.
  • Coverage is effective upon the date of enrollment and will continue for three years.

Not only does this insurance cover deductibles for the vehicle you have a loan on but it will also reimburse you for insurance deductibles that you have to pay on all other vehicles, as long as those vehicles are titled and insured in the same person’s name that is listed on the GAP policy.
Storm Damage Reminder

If a vehicle used as collateral sustains storm damage and an insurance check is issued to cover the damages, we must have proof of repair from a certified body shop before we can endorse the check. Without proof of repair, these funds would be applied to the loan balance.
Student Loans

We've partnered with ISL Education Lending to help members with college expenses. Through this partnership, we're able to offer three types of loans for college financing. There are no origination or late fees associated with any of these loans.
 
Private Student Loans
The Partnership Advance Education Loan® is a national loan for undergraduate and graduate student borrowers, who may need one or more cosigners.
 
The College Family Loan® is for parents, family members or friends looking to borrow on behalf of students to help with college expenses or to relieve some of their potential debt. Applicants who do not meet the credit criteria on their own may apply with one or more cosigners.
 
You can review loan information, including required FICO scores to receive different interest rates, online before you apply. Other features include:
 
  • Fixed and variable interest rates for the Partnership Loan. The College Family Loan has fixed rates only.
  • Choice of interest-only or full principal and interest payments while enrolled in school or deferred payments until after school. 
  • An interest-rate reduction for automatic payments.
 
Refinance Loans
Refinance loans are available to help you repay existing student loans as well. The Reset Refinance Loan® offers the opportunity to simplify repayment and lower: 
 
  • The interest rate you pay on student loan debt. 
  • The amount you will pay over time through shorter repayment terms or lower rates or a combination of both. 
  • Monthly payment amounts through a longer repayment term.
 
As with the other loans, eligibility and credit criteria requirements are provided upfront and in clearly defined language online. You may complete a simple pre-qualification step to see the rates you may qualify for without impacting your credit score.
Teen Accounts 

Like many parents, you may have opened a savings account for your child when he or she was a baby. If you've been teaching them money management skills and they have shown financial responsibility, then, when they become teenagers, a checking account with a debit card can be a great next step.
Credit Cards for Summer Fun

Using your credit card to pay for your summer fun and summer travel is a safer way to pay. Credit cards give a little extra protection if you encounter problems along the way and need to dispute any charges.

Apply today for a QOCU MasterCard Credit Card and enjoy these benefits:
  • Fixed interest rate as low as 10.99% APR*
  • NO balance transfer fee
  • NO annual fee
  • A 25-day interest-free grace period on purchases
  • Minimum payment amounts are only 4% of your balance each month or $10.00 per month
  • View transactions & make payments online MyCard Info
Before You Travel - Be sure to contact us with your travel dates and destinations so that we can minimize the chance of your cards being blocked or flagged for unusual activity. For 24/7 assistance with card problems please call 1-800-234-5354.

International Travel - QOCU MasterCard Credit Cards are not recommended for international travel.

*Annual percentage rate.
Dates to Remember

Tuesday, July 4th - Closed for Independence Day

Monday, September 4th - Closed for Labor Day

Remember, even when we're closed, we're still open. Access your account information 24/7 with QOCU Mobile App or Online Banking!
3535 Center Point Rd. NE
Cedar Rapids, IA 52402-5530
Phone: 1-319-395-7060
Toll-Free: 1-800-519-9762
Fax: 1-319-395-7135

Lobby & Drive-Up Hours 
Monday: 9:30 am – 4:30 pm
Tuesday: 9:30 am – 4:30 pm
Wednesday: 9:30 am – 4:30 pm
Thursday: 9:30 am – 4:30 pm
Friday: 9:30 am – 5:00 pm

Closed Daily for Lunch 1:00 pm – 2:00 pm

Federally insured by the NCUA. Equal Housing Opportunity.