Payment Protection

Payment Protection

As a result of unexpected illness, injury, job loss or death, even the most responsible person can be hit with bills they can’t pay, damage to their credit score, and even repossessions.

When you add Payment Protection to your loan,1 you minimize the impact of the unexpected. In most cases, Payment Protection may:

  • Eliminate all or part of your remaining loan balance
  • Protect your credit rating as loan payment obligations are made on your behalf
  • Prevent late fees
  • Create financial security for your family
  • Free up extra cash when it’s needed most

Payment Protection is affordable, may cover both you and your co-borrower, and is a part of your regular payment—giving you one less thing to worry about.

Contact any of our Member Service Officers or Service Representatives today to learn more about Payment Protection!

1Payment Protection may be available for personal credit cards, auto loans, personal consumer loans, and home equity loans.

Your purchase of Payment Protection is optional. Whether or not you purchase Payment Protection will not affect your application for credit or the terms of any existing credit agreement you have with the financial institution. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under Payment Protection. You should carefully read the contract for a full explanation of the terms.

Associated Product: Personal Loans