Protect Your Loan

Payment Protection

Belvoir Federal offers our members the opportunity to have payment protection on our products because we want to help you protect your family’s lifestyle at a rate you can afford. Payment Protection is credit life and disability insurance that is underwritten by Transamerica Life Insurance Company. It is a way for members to pay for their loan payments in the event that they are unable to due to an accident, illness, disability, or death.

  • Eligibility: Answer a few, simple health questions
  • Payment: Your premium will be included in your monthly loan payment
  • Peace of Mind: Rest easy knowing your benefits may be paid in addition to other insurance or company protection you already have

Enroll Today

Contact us today for coverage and cost details as certain limitations, exclusions, and terms of availability may apply.

Payroll Deduction and Direct Deposit

Payroll Deduction

Save money when you put your funds to work earning dividends. To increase your savings, you can designate an amount to be automatically deducted from your paycheck and deposited into an account of your choice each payday.

To request more information about Payroll Deduction, contact us or fill out our online form

Early Direct Deposit

Save time by having your paycheck, Social Security check, or other recurring government or pension checks automatically deposited to your checking account. With Direct Deposit, your money is already deposited for you!

Belvoir Federal offers our members the benefit of getting their pay early with direct deposit! Many companies and government agencies send funds electronically, which is seen as a direct deposit, before the “official” payday. If you have a direct deposit into a Belvoir Federal account and we receive your pay early, we will make it available to you!

If your pay is already directly deposited to an existing Belvoir Federal account, you do not have to do anything. The early direct deposit will occur automatically. If your pay is not already directly deposited to a Belvoir Federal account, you will need to update how your pay comes into your account if you wish to receive your direct deposit early.

  • With all other direct deposit payrolls, you can contact your payroll department to sign up for direct deposit to your Belvoir Federal account.

Learn more about Early Direct Deposit, click here

GAP Insurance

During the first few years that you own your vehicle, the loan balance can be higher than the actual value of your car as a result of depreciation. As your car’s value decreases, your loan balance can become significantly higher. That’s where GAP Insurance or Guaranteed Asset Protection Insurance can be helpful!

For example, if your car was stolen or totaled in an accident, you would be liable to pay the difference between your insurance settlement and your outstanding loan balance. However, with GAP Insurance, the difference in the balance is covered.

Take advantage of this great credit union benefit today!

Contact us today to receive GAP Insurance information.

Vehicle Service Agreement (VSA)

Statistically, mechanical problems tend to begin after the manufacturer’s warranty has expired. With factory warranties averaging three years or 36,000 miles and consumers keeping their cars longer, it makes sense to purchase extended coverage. In the case of used cars, which may have an unknown maintenance history and are often no longer covered by the manufacturer’s warranty, extra protection may be in your best interest.

Learn More

So check out Belvoir Federal’s Vehicle Service Agreement, which is designed for new and used cars and is offered by InterContinental Warranty Services, Inc.

Skip-A-Pay Program

With Belvoir Federal’s Skip-A-Pay program, you can skip a regular payment on any Belvoir Federal consumer loan you have (excluding real estate and lines of credit loans). Pay a processing fee per loan, which will automatically deduct from your account, for the month that you would like to skip your loan payment.1

Request the Skip-A-Pay Program

Online 1. Login to Online Banking
2. Click on the Services Tab
3. Click on the Skip-A-Pay Continue Tab

Completed in minutes.
Mail 1. Download the Skip-A-Pay Request form
2. Mail back to the credit union

Belvoir Federal Credit Union
ATTN: Skip-A-Pay Program
14040 Central Loop
Woodbridge, VA 22193


1 If your monthly loan payment is automatically deducted through payroll deduction or direct deposit, no transfers will be made from your account.

You may skip one payment on as many qualifying Belvoir Federal loans as you would like. However, you may not skip more than one loan payment per six-month period. Certain restrictions may apply. The Skip-A-Pay program has a $25 convenience fee if completed online and a $35 convenience fee if completed with a representative. Skip-a-pay cannot be used if the skip-a-pay feature has been used in the past 6 months, an extension has been made on the loan within the last 12 months, and the loan having the skip-a-pay applied is not bankrupt. Can only be used on consumer loans. Cannot be used on lines of credit. Account holder must be within good standing. Interest will continue to accrue during the month your payment is not made. Skipping a payment may extend the term of the loan. Please contact us with any questions.