Credit unions provide a practical, community based way of saving, borrowing and protecting your money.

CUNA Mutual Group has been operating in the UK since 1979 providing insur ance and financial services to credit unions and their members. CUNA Mutual's unique position as the credit union's insurance company allows it to provide cover whilst keeping the money in the Credit Union movement.

Through Life Savings and Loan Protection insurance, your credit union pays to insure your savings and loans via CUNA.

What is Free Loan Protection?
Credit unions provide free life insurance on your credit union loan, one of the unique benefits of credit union membership. This means that in the event of your death, your credit union loan balance is paid off by this insurance so you needn't worry about passing on debt to your next of kin when you die.*

This benefit fulfils one of the credit union movement's unique principles of ensuring that the member's debt dies with them. It is a unique benefit to credit union members and would cost extra money with most other institutions.

What Does Loan Protection Cover?
Loan Protection insurance automatically covers 100% of credit union loans held by members aged between 16 and 80, to a maximum value of £10,000. If your loan amount is higher than £10,000, Loan Protection insurance will cover the first £10,000 of the loan.

When does Loan Protection Not Apply?
Any new loan agreements are subject to a six month Pre-existing Condition Limitation. This means that should you die as a result of a pre-existing medical condition (for which medical advice, consultation or treatment was received), within 6 months of taking out your loan, Loan Protection insurance will not be applied.

Loan Protection Insurance does not cover death due to HIV/Aids, Suicide, Terrorism or War.

*Terms and conditions apply

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•Income Protection. Because you never know what’s around the corner.
Protect your income from accident, sickness or loss of job.

Income Protection is designed to cover a proportion of your income in the event that you are off work through accident, sickness or involuntary unemployment.

• Protect up to 50% of your gross monthly income up to £2,500 per month

• Flexible claim excess periods allowing you to choose when your benefit payments start

• Benefit payments for up to 12 or 24 months for any one claim

Income Protection»

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FuneralProtect+ provided by CUNA Mutual Group in association with The Co-operative Funeralcare, provides a guaranteed cash sum towards funeral costs. This financial support can help to ease the burden of funeral costs and provide reassurance knowing the funeral will be arranged by the UK’s leading Funeral Director. Click here for more information. FuneralProtect+ »

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