Loan protection insurance is a free insurance offered by the Credit Union to members. This insurance provides cover on loan balances for all eligible members in the event of death (subject to terms and conditions).
Automatic cover is provided on all loans up to €10,000. You will be informed at the time of the loan application if your loan exceeds the amount covered by the Credit Union's policy. Under the basic policy, death cover ceases on the member's 85th birthday.