According to the Research Council of Economic Security, one out of every three people between the ages of 35 and 60 will probably suffer a prolonged disability. If you become one of these statistics, your loan payments could become a real burden. That’s why your Credit Union is making this voluntary insurance plan available that can reduce or pay off your loan if you are disabled by sickness or accident. This plan pays your loan payments (after the first thirty days) until you are back to work. Only members who are employed a minimum of 30 hours per week and under 67 years of age are eligible for this coverage. Each month the premium is automatically added to the loan balance.

Credit Disability Insurance is not available on single payment loans or real estate loans.