Loan Protection Insurance

Loan Protection Insurance is provided by the credit union for you, the member, at no extra cost. Should a member with an outstanding balance die, the balance is repaid in full, subject to certain terms and conditions which may apply. You should enquire when making a loan application to see if you are eligible. For more information click here.

This means that you can borrow from your Credit Union in full confidence that your dependants will not be obliged to repay the outstanding loan balance.

Death Benefit Insurance

A separate Death Benefit Insurance is paid by the Credit Union over and above the Loan Protection and Life Savings insurance.

Death Benefit Insurance is intended to help towards funeral expenses and is payable where members have joined before the age of 71 and were in good health at the time. The amount of cover is 1,500 Euro.

Payment Protection Insurance (PPI)

There has been changes in relation to renewing PPI policies from 1st November 2009. If you are an existing or new PPI policy holder, please read this information notice; PPI notice

Coolock Artane Credit Union members can protect their loans with payment protection insurance from Members Financial Services.

This service protects your ability to repay your Credit Union loan, if you are unable to repay your loan due to an accident, sickness or unemployment.

For a few cents a day, you can cover your loan repayments with payment protection insurance. The amount you pay is based on your agreed regular repayments. Click here for more information.

* This is subject to certain criteria.