All Regular Share Accounts at the Credit Union carry life insurance of up to $2,000 at no cost to our members.
This insurance is based on the following deposit schedule:

For Example:

• If you deposit $2,000 in your savings account by the time you are 40 and it remains in your account until your death, then your beneficiary receives $4,000 ($2,000 that you deposited and $2,000 in insurance).
• If you deposit $1,000 in your savings account by age 50 and then another $1,000 at age 56, and this $2000 remains in your account until your death, then your beneficiary receives $3,750 ($2,000 that you deposited, $1,000 in insurance from the deposit made before age 55, and $750 for the deposit made after age 55).

All Credit Union loans are insured up to $10,000. In the event of the death of the borrower, the balance of the debt (up to $10,000) is covered by insurance and not the survivors (this is not available to members age 70+).
This service is provided at no cost to our members and it applies to all loans.