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Tel: 094 9659599 Fax: 094 9638762

Sat 29-Apr-2017
Services 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 is repaid in full. If a member who is eligible for insurance cover and has signed the promissory note dies with a loan outstanding, the loan balance is paid in full by the insurer.

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 members 70th birthday. The credit union has the option of extending this age limit to the members 80th birthday by affecting cover under the Over 70 Rider.

  • Glenamaddy Credit Union Limited
  • Tel: 094 9659599
  • Fax: 094 9638762
  • Email: glenamaddycu@eircom.net
  • Web: http://www.glenamaddycu.ie
Glenamaddy Credit Union Limited is regulated by the Central Bank of Ireland. Reg No: 353CU