Loan Protection Insurance

Loan Protection Insurance is the insurance cover the Credit Union provides on the lives of its borrowing members.

Should an insured borrower die , the insurance cover provides that the loan balance will be fully cleared.

You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy. Under the basic policy, death cover ceases on the eligible member’s 70th Birthday. Enfield Credit Union has extended this age limit to the member’s 85th birthday under the ’Over 70 Rider’ cover.

Loan protection Insurance is subject to age and health status. Terms & Conditions Apply

We offer many services aimed at improving access to financial services and encouraging financial inclusion.