Debt Cancellation

Until now, regulatory constraints have limited the type of credit protection your credit union could offer your members. Your credit union has also been limited as to which member it could safeguard. Now, there is a comprehensive way to protect your member's and your credit union's financial well being - Debt Cancellation.

Advantages to your members:

• Based on the program your credit union selects, your members may have protection not available to them before that may be better suited for their lifestyle.
• Members may prefer getting coverage directly through their credit union rather than an insurance company

Advantages to your credit union:

• There are no certificates to file with state insurance departments.
• More loans can be protected because all borrowing members are eligible (depending on programs selected)
• Insurance licensing of credit unions and their loan officers is not required

For additional information, CLICK HERE.