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PHONE: 215-934-3500 or 800-832-PFCU

ABA Routing # 236084298

PAYMENT PROTECTION

It's something none of us like to think about, but don’t stick your head in the sand when it comes to preparing for the unexpected. If disability or premature death strikes, our Payment Protection plan can help ease your family’s financial burden.*

Payment Protection allows members to protect themselves and their families in the event a disability interrupts earning, or a premature death occurs during the term of a loan.

How it works

  • Payment Protection is insurance offered to members when the loan is initiated.
  • Members do not need to take a physical exam as long as they meet group eligibility requirements.
  • Eligible loan types include: consumer loans, home equity loans and home equity lines of credit.
  • Payments vary based on the term and amount of the loan.
  • Payments for Payment Protection are included in your loan payment.

Key features include

  • Credit Disability
  • Protects you if a disability occurs that prevents you from continuing employment.
  • Covers your loan installment at a time when income is low and expenses are high.
  • Credit Life
  • Protects members in the event of death.
  • Your loan transaction is completed, your debt is paid, and your collateral is released.

Peace of mind for you and your family

Call 215-934-3500 or 800-832-PFCU (outside the metropolitan area), or stop by a branch location.

Not a member yet? Open a PFCU Account Online

* Some exclusions and limitations do apply. Please refer to the application/certificate for those exclusions and limitations. You have the right to examine the coverage for 30 days. If you are not satisfied you may cancel coverage by returning the certificate for a full refund of any premiums you have paid. Credit insurance is not a deposit or obligation of, or guaranteed by a financial institution or its affiliates. Credit insurance is not insured or guaranteed by any agency of the federal government. A borrower’s credit approval cannot be conditioned on whether he/she purchases credit insurance.

Credit insurance is not a deposit or obligation of, or guaranteed by a financial institution or its affiliates. Credit insurance is not insured or guaranteed by any agency of the federal government. A borrower’s credit approval cannot be conditioned on whether he/she purchases credit insurance.

National Association of Federal Credit Unions 
PFCU is a proud member of the National Association of Federal Credit Unions
National Credit Union Administration 
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.
Excess Share Insurance Corporation 
Additional insurance of up to $250,000 on your savings accounts is provided by Excess Share Insurance Corporation, a licensed insurance company.
Equal Housing Lender 
We do Business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.

We provide links to external websites for your convenience. Philadelphia Federal Credit Union does not endorse and is not responsible for their content, links, privacy or securities policies.

Please note that the amount of money contained in your investment accounts are considered non-deposit products and therefore, are not NCUA insured, not credit union guaranteed, may lose value, are not guaranteed by any government agency. Since they are not a deposit of the Philadelphia Federal Credit Union, investment accounts do not qualify for Excess Share Insurance (ESI). Securities, Financial Planning and Insurance products are offered through LPL Financial, and its affiliates, Member FINRA, SIPC. LPL Financial and Philadelphia Federal Credit Union are independent entities.