Life is unpredictable. Credit Protection can greatly contribute to your peace of mind and help relieve the financial stress and worry related to making loan payments when your life takes an unexpected turn.

BE PREPARED

If you're like most people, you may be worried about unexpected, real-life events that could happen during the term of your loan. Things such as losing your job or getting injured that leave you scrambling to pay your monthly bills.

PROTECT YOURSELF

Credit Protection protects you, your family and your credit rating. You have the peace of mind knowing your monthly loan payments will be cancelled in the event of accidental death and suspends payments in the event of death, disability, involuntary unemployment, hospital stay or family leave. With Credit Protection, your consumer or home equity loan payments* will be cancelled or suspended without penalty, added interest, or being reported as delinquent to the credit bureau when one of the covered events occur:

DISABILITY

Helps you avoid bills piling up as you try to regain your health and earning capacity. Use as a supplement to any disability coverage you may have at work (which usually only covers 60% of pay).

INVOLUNTARY UNEMPLOYMENT (IU)

Gives you assurance during a difficult time that one of your major monthly expenses will be taken care of as you search for new employment.

HOSPITAL STAY

Provides peace of mind and one less worry while you’re recovering in hospital.

FAMILY LEAVE

Helps your family with a major expense during a traumatic time – such as the loss of a job or family member.

NO OBLIGATION FOR 30 DAYS

When you apply for Credit Protection, you have 30 days to review your plan. If you are not satisfied with the plan or if your situation changes, you can cancel it at any time. If you do so within the first 30 days, any fees paid will be refunded.

NO OBLIGATION FOR 30 DAYS

There are six plans to choose from. Pricing will vary based on the level of coverage you choose and the balance of your loan. There are eligibility requirements, conditions, and exclusions that apply to this plan. If you would like a personalized estimate, please call us at (800) 247-7328 and a Member Service Representative will be happy to help you. Please ask for a copy of the Credit Protection Agreement, which provides additional details and answers to the most frequently asked questions.

Contact a Member Representative →

Credit Protection:   This product is optional. Your purchase of Credit Protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with Community 1st Credit Union. We will give you additional information before you are required to pay for Credit Protection. This information will include a copy of the contract containing the terms and conditions of Credit Protection. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving Credit Protection benefits. You should carefully read your Credit Protection contract for a full explanation of the terms and conditions of the Credit Protection plan.