Schools Federal Credit Union | Loan Payment Protection Plan

Loan Payment Protection Plan

Could you handle your loan payments if an injury or extended illness kept you from working? Protect yourself and your family against financial hardship for pennies a day with low-cost Credit Disability Insurance (CDI) for your Schools FCU consumer loan. CDI will make your loan payments until you are back on the job. We also offer Credit Life Insurance which will pay off your loan in the event of your death, preventing your family from facing a financial burden.

You can purchase Credit Disability and Credit Life insurance when your Schools FCU loan application is processed. For your convenience, premiums will be included in your monthly payment. This coverage is provided by Minnesota Life Insurance Company‡, which has earned an A++ rating from A.M. Best, the highest score Best awards.

If you receive suspicious e-mails from entities claiming to be Schools Federal Credit Union, delete the e-mails immediately and report them to us at 866/ 459-2345. We do not solicit personal or private information about members via e-mail.

‡By clicking this link you will be leaving the credit union's web site. The privacy policies of the third-party web site you are linking to may differ from the credit union's. The third-party site is not owned or controlled by the credit union, and we are not responsible for its availability, content, security, claims, or for information, goods or services obtained from it. The credit union does not represent either the third party or the member if the two enter into a transaction.