Unexpected life events that result in injury or death or job loss can cause financial hardship, making bill paying difficult or impossible. Worse yet, delinquent loan payments, defaults or foreclosure can impact your credit rating and burden your family. However, there is an affordable solution.
Take advantage of Member’s Choice™ Borrower Security protection. It will cancel your loan balance or waive your loan payments without penalty or added interest, up to the program’s maximums. This unique protection covers:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
Member’s Choice Borrower Security is not an insurance product. It is voluntary and affordable loan payment protection. For the complete details, call or visit the credit union. Click here for My Financial Planner.
Your purchase of Member’s Choice Borrower Security is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Member Agreement for a full explanation of the terms of Member’s Choice Borrower Security. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.