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I ran a repair shop for 14 1/2 years and to be honest, I hated Extended Warranties. Many of them have exclusion clauses and bleed the shops so bad that they refuse to take them. One example is the we don't pay for seals, hoses, gaskets, or fluids. Your water pump seal fails and trashes your engine, they don't pay. You blow the head gasket and warp the head, they don't pay. If a gear set blows up in the trans and the trans grenades, they pay. If your engine throws a rod without a drop of oil leaking from the engine, they pay.
Also, they will reserve the right to use used parts and components instead of fixing or a rebuilt unit. Sometimes they will or won't pay for concealed damage.
I went through all of this crap when I had a shop only to keep my customers happy, not because it was even a fair deal. I hated telling my customers when the Extended Warranty companies would not cover the work.
1) Ask the shop who will do your work who they like and who they hate. Tell them the Credit Union wants you to buy an Extended Warranty Policy. 2) Read or have a Contract Reader read the policy before you buy it. 3) Ask your Credit Union if they get a commission on the policy sale. if they do, you may know the motive.
Good luck, hope you took a few Law classes or have a friend/relative who is a contract reader or lawyer, you might need them.
_________________ 2006 Pearl Green CRD Magnaflow 2 1/2" Cat Back KJ Extra Leg Room Brackets, Carter Lift Pump, V6 Airbox, ORM Fuel cooler, Oil Separator, Progard 7 Gauges EGT Boost Trans Temp Oil Pres, Michelin LXT AT2 245 70 R16 7,000# Draw Tight hitch, PML EX Deep Trans Pan Centrifuge, SunCoast, Transgo, RAM TCM, InMotion Stage 2 Wife's 99 TDI VW Beetle
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