Collateral Protection Insurance is coverage that protects against physical damage and protects the credit union's interest in your vehicle (your loan's collateral).
Your signed loan documents give Denver Community Credit Union the right to force-place CPI on your vehicle when coverage has lapsed. To avoid CPI, it is important to inform your insurance provider to name Denver Community Credit Union as the "Loss Payee/Lienholder" on your policy. To mail insurance verification, please use the following address:
Denver Community Credit Union
1075 Acoma St.
Denver, CO 80204
You may also fax a copy of your policy/declarations page to our CPI partner, SWBC, at 913-268-3178. You may also contact SWBC by phone at 800-476-7330.
CPI is not a substitute for finding your own insurance. It is often much more expensive than auto insurance you would find from typical providers. CPI does not provide protection for third-party bodily harm or injury, or to other property. CPI only protects the vehicle as the collateral of the loan. If you are in need of insurance, or would like to shop around for a better deal, check out Denver Community Insurance Services to get free quotes from multiple insurance providers.