For over 40 years, Credit Unions in the UK & Ireland have partnered with CUNA Mutual to protect members’ savings and loans. Loan Protection and Life Savings Protection provide peace of mind to members and Credit Unions – ensuring that the “Debt dies with the Debtor” whilst providing a valuable financial support for loved ones, often at a time when it’s most needed.
5 Reasons to consider Loan Protection and Life Savings Protection
- Gives Credit Unions unique benefits that provide great reasons to save and borrow with the Credit Union.
- Puts people before profit – helping bereaved families with the financial burden of funeral expenses.
- Encourages great savings habits, and responsible borrowing.
- Protects Credit Unions from unexpected loan write-offs, and from the difficult task of recovering outstanding loans from the estate of a deceased member.
- Demonstrates the Credit Union ethos of “people helping people”.