Payment Protection Plans

Loan Services

Elko Federal Credit Union offers Credit Life and Credit Disability insurance to our members. Credit insurance may help ease the financial burden of your loan obligation in the event of an unexpected life event, injury or illness. 

Credit Life Insurance is designed to help reduce or pay your eligible loan balance, up to the policy maximum, should an unexpected life event occur.

Credit Disability Insurance may make your loan payment, up to the policy maximum, if you become totally disabled due to a covered injury or illness.

Your purchase of MEMBER’S CHOICE® Credit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan.  Certain eligibility requirements, conditions, and exclusions may apply.  Please contact your loan representative, or refer to the Group Policy for a full explanation of the terms. CDCL-1552411.1-0716-0818