Insurance

Credit Life Insurance - Can be purchased through the credit union.  This insurance will payoff a loan up to $35,000 in the event of the debtor's death and up to $75,000 on purchase mortgages.

Credit Disability Insurance - Can be purchased through the credit union.  This coverage makes the borrower's loan payments after completion of a 30 day grace period, in the event of disability resulting from accident or sickness.  Benefit payments continue until the borrower can resume making payments subject to an annual claim review.

Life Savings Insurance - This coverage has been eliminated for new members effective May 1, 2004 while grand fathering existing members' accounts.  We provide this coverage to members that joined prior to May 1, 2004 at no direct cost up to a maximum of $2,000.  The coverage varies with age and the beneficiary will receive the funds.  You must have $2,000 in your share account before your 55th birthday for 100% coverage.