Credit Protection

Credit Protection helps protect your dreams and safeguard your family from a financial nightmare.  Credit Protection is a voluntary debt cancellation product that, depending on the package you select, cancels or defers your eligible loan balance or monthly payment, up to agreement maximum, should you die before paying off your loan.

With Credit Protection, fees are based on a group rate, and you buy only enough protection to protect your loan balance.  That saves you money.

Other benefits include:

• Helps protect your family, collateral, and credit rating
• Simple eligibility requirements
• Fast, easy enrollment
• Immediate enrollment for eligible borrowers
• Convenient – fee can be included in your monthly payment

Protection Plans Available
Consumer Plan

• Can protect up to two borrowers
• Package options can include life, disability, and involuntary unemployment.
• Cancels your loan balance up to $100,000 in the event of death.
• Cancels your monthly loan payment or interest only up to 12 months or $12,000 if disabled
• Cancels your monthly loan payment or interest only up to 3 months or $6,000 if involuntarily unemployed.

Home Equity Plan

• Can protect up to two borrowers
• Package options can include life, disability, and involuntary unemployment.
• Cancels your loan balance up to $100,000 or your monthly loan payment up to 12 months or $12,000 in the event of death.
• Cancels your monthly loan payment up to 12 months or $12,000 if disabled
• Cancels your monthly loan payment up to 6 months or $3,000 if involuntarily unemployed.

Credit Card Plan

• Can protect up to two borrowers
• Package options can include life, disability, and involuntary unemployment.
• Cancels your monthly loan payment up to 12 months or $12,000 in the event of death.
• Cancels your monthly loan payment up to 12 months or $12,000 if disabled
• Cancels your monthly loan payment up to 6 months or $3,000 if involuntarily unemployed.

For more information, stop by your local branch or call (866) USE-4-YOU (873-4968).

* This is a summary of our Payment Protection program.  Enrollment in the program is voluntary and not required to obtain a loan.  Credit Protection is a debt cancellation product available through USE Credit Union.  Please contact your USE loan representative, or refer to the Member Agreement, for additional information on benefit maximums, eligibility, and limitations. 

USE Credit Union is not affiliated with, nor does it endorse, CUNA Mutual Group.