Debt Cancellation
Safeguard Your Loans
MEMBER’S CHOICE Borrower Security™
Taking out a loan means one of your dreams is about to come true, for example, a new car, boat or home improvement. But what happens when to your dream when the unexpected hits? How can you make sure your family won’t shoulder the financial burden of making loan payments when you can’t?
Now you don’t have to lay awake at night worrying about what will happen if the unexpected strikes because….
MEMBER’S CHOICE Borrower Security™ cancels your eligible loan, up to the agreement maximum, should you die before paying off your loan. In addition, if you become disabled due to a covered illness or injury, or become involuntarily unemployed, MEMBER’S CHOICE™ Borrower Security can cancel your monthly loan payment, up to the agreement maximum.
With MEMBER’S CHOICE™ Borrower Security, you pay low group rates and only buy enough protection to cover your loan balance, making payments truly affordable. Life, Disability and Involuntary Unemployment protection is available on all consumer loans, including credit cards and Home Equity loans.
Other benefits include:
• Protects your credit rating
• Automatic eligibility for most borrowers
• Simple enrollment
• No medical screening
• Immediate coverage
• Convenient …quot; cost included in your payment
Protection Plans Available:
1. Consumer Loan Protection
2. Home Equity Protection
3. Credit Card Protection
Guaranteed Auto Protection Coverage Did you know that if the vehicle you are now purchasing is totaled, or is stolen and not recovered, your insurance may not pay off the total amount due to your financial institution?
Guaranteed Auto Protection pays the difference between the Actual Cash Value (ACV) of your vehicle, which is determined by your primary insurance company, and the unpaid balance that is owed. Click Here For More Information on GAP Coverage & Calculator
Major Mechanical Protection Coverage As time goes on, the likelihood of mechanical failure on your vehicle is inevitable. With Major Mechanical Protection, you can protect yourself against the expense of future costly repairs. Click Here For More Information on MMP Coverage
NCUA Insurance All share accounts at the Heritage Family Credit Union are federally insured to at least $250,000 and backed by the full faith andcredit of the United States Government.
Each credit union approved for NCUSIF share insurance must meet high standards of safely and soundness in its operation. Adherence to these standards is determined regularly through credit union examinations by federal and state examiners. If an insured credit union gets into financial difficulties and must be closed, the NCUSIF acts immediately to protect each member's share account.
Generally, if you have more than one account, those accounts are added together and insured up to $250,000. For example, if you have a regular share account, share certificate and share draft account all in your name, you will have no additional coverage.
However, there are a few exceptions. IRA Accounts are insured separately. If you have a regular share account and an individual IRA Account at Heritage Family, then each account is insured up the $250,000.
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Users should be aware that when a link opens to a new browser window in
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