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loan protection

April 28, 2021


Free Loan Protection Insurance

Rugby Credit Union provides free life cover insurance on all loans to members through our CUNA loan protection scheme.

This means that if you die whilst you have a loan with the credit union, the loan balance outstanding at the time of your death will not become the responsibility of your family nor become due from your estate.

Should the unthinkable happen the debt is paid off by the insurance.  

It is a core  part of the uniqueness that is Credit Unions. Not only do we provide members with loans, in a responsible and supportive manner, but also the reassurance that their loan is taken care of if they die.​     This is free to all members under 70 years of age and on loans up to a maximum of £5000.

Want to know more about our loans ? Click on the Loans tab


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