People Before Profits...

Since 1952

Insurance & Benefits

News: 06-12-07

NEW INSURANCE PRODUCTS COMING SOON! 

DEPOSIT INSURANCE
All funds deposited into your credit union accounts are insured up to an aggregate amount of $100,000.00 by the National Credit Union Administration (NCUA). Individual Retirement Accounts receive an additional $250,000 in insurance per individual.  The NCUA is an agency of the federal government and your deposits are, therefore, backed by the full faith and credit of the government of the United States. Your credit union absorbs the cost of providing this coverage to you.

LOAN PROTECTION LIFE INSURANCE
With loan protection insurance, you purchase the desired coverage necessary to pay your loan balance in full should you die prior to completing repayment yourself. In this way, your loan does not become a burden to your estate or your loved ones. Loan Protection Insurance is offered to you at an additional charge. Check with your loan officer for the current low rates.

CREDIT DISABILITY INSURANCE
This insurance is available to insure those members who become unable to work after receiving a loan and are under the care of a legally qualified physician or surgeon other than themselves.

If you have a loan and become disabled for more than fourteen consecutive days, Credit Disability Insurance will pay a monthly disability benefit toward the loan balance not to exceed $750 a month up to $50,000 total. For this insurance coverage, the maximum age is 66.

Credit Disability Insurance is offered to you at an additional charge. Check with a loan officer when you apply for a loan.

BOND
All officials and employees of Freedom Federal Credit Union are covered by a surety bond.

This bond ensures against loss or damage to property through burglary, robbery, fraud, dishonesty or misplacement.

In these uncertain times, security in any form is a valuable asset to you and your loved ones. We feel we have helped to provide each of our members with a degree of security by supplying them with the previously mentioned insurance coverage.