INSURANCE BENEFITS

Insurance is another way Credit Unions assist their members in achieving financial fitness. Some insurance programs are offered by the Credit Union at no direct cost to the member.

All insurance programs described on this website and offered by the Credit Union have been outlined for easy reference. For exact coverage, please refer to your individual contract for each program.

LIFE SAVINGS INSURANCE

When you save at the Credit Union, your life is insured for the amount of your Share Account up to $2,000.00 at no direct cost to you providing you are not disabled at the time you open your account. The amount of the benefit is determined by the member's age at the time of making the deposit. The maximum coverage available is $2,000.00. The following table explains the breakdown:

Attained Age	Percentage
From birth to 6 months	25%
6 months through 59 years	100%
60 years through 64 years	50%
65 years through 69 years	25%
70 years and over	0%

Primary account holders are the only individuals insured for Life Savings Insurance. All insurance brochures are available at the Credit Union.

SHARE INSURANCE

Each member's funds are insured to $100,000.00 (aggregate of accounts) by the National Credit Union Administration (NCUA), a U.S. Government Agency. IRA's are separately insured up to $100,000.00.

CREDIT DISABILITY INSURANCE

Credit Disability Insurance can be purchased in conjunction with loans in the event you become sick or injured. If a member is disabled at the time a loan is disbursed, they are not eligible for this type of insurance. This low-cost insurance guards against temporary disabilities. After being out of work for 30 days, benefits can begin on the 1st day of the disability or the 31st day, depending on the coverage chosen. In order to be eligible for Credit Disability Insurance, you must be working at least 20 hours per week in your current job and be 64 years of age or younger.

LOAN PROTECTION INSURANCE

Your Credit Union believes that your debt should not be part of your family's inheritance. It offers Loan Protection Insurance up to $25,000.00 on aggregate Consumer Loan totals (not including real estate loans), at no direct cost to you. This coverage is limited to $15,000.00 if health reasons dictate. If you should die, Loan Protection will automatically repay your loans.

Loan Protection is available until age 70, provided eligibility requirements are met. Primary account holders are the only individuals insured for Loan Protection Insurance.

LIFESTYLES PROTECTION LIFE INSURANCE

Your Credit Union offers a low-cost, optional life insurance program to its members. This special plan was developed to give families more protection at a very modest cost. It is not intended to replace any other life insurance you have. You must be between the ages of 16 and 69 inclusive to be eligible to enroll. Benefits are payable until age 70.
Premiums are deducted from your Share Account.

GROUP ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE

We also offer Group Accidental Death and Dismemberment Insurance. Each member 18 years and older, can enroll for $3,000.00 coverage at no cost. Additional insurance can be purchased at low group rates. To receive this benefit members must enroll in the program. Premiums are deducted from your Share Account.

CANCER INSURANCE

Members age 18 and older, who have never been treated for or diagnosed as having cancer, are eligible to sign up for Cancer Insurance. Benefits are paid directly to you or to whomever you name as beneficiary.

The cost varies depending on the plan you choose. Premiums are deducted from your Share Account

MORTGAGE LIFE & DISABILITY INSURANCE

Your Credit Union offers a decreasing term Mortgage Life Insurance on Real Estate and Mobile Home Loans. This program is optional and can be purchased at a reasonable cost to cover these types of loans.

HOME EQUITY LOAN INSURANCE

Your Credit Union offers Credit Life and Disability Insurance on your Home Equity Loan balance. This program is optional and can be purchased at a reasonable cost.

VISA CREDIT LIFE INSURANCE

Your Credit Union offers Credit Life Insurance on your VISA Loan balance. This program is optional and can be purchased at a reasonable cost.

See us for more information.

WHY BORROW & SAVE AT YOUR CREDIT UNION?

• As a Credit Union Member, you are a part owner. You participate in decisions affecting your Credit Union.
  
• The Credit Union Concept is people working together to achieve a better life for themselves and their children.
  
• Your Credit Union was established to serve you - to make it easy for you to save and convenient for you to borrow.
  
• Loans for any good purpose at low interest rates.
  
• Your savings earn dividends - usually larger dividends than any other systematic means of savings.
  
• Life insurance is provided on your savings and on consumer loans at no additional cost to you; providing eligibility requirements are met.
  
• Your Credit Union is "Not for Profit, Not for Charity, but for Service!"
  
  

Note: Information contained on this Web site is subject to change based on current Credit Union policies. Additional information can be obtained by calling the Credit Union Office.

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