Debt Protection

You're working hard every day for your family so they can feel more secure. But if you weren't able to work because a disability or tragedy, the financial burden on them could be devastating. That's where our Loan Payment Protection can help ease that burden due to unemployment, disability or premature death. You have the option of choosing this protection when you're approved for a PFCU loan.

• Involuntary unemployment: Cancels up to a specific number of monthly payments
• Disability: Cancels up to a specific number of monthly payments
• Loss of life: Cancels the outstanding loan balance up to a specified dollar amount

Some key points about debt protection.

Who is eligible?

• Members under 70 years old
• In the last two years, you haven't been advised of, or treated for, or taken any medication for heart attack (or other heart disease or disorder), coronary artery disease, cancer, stroke, cirrhosis, AIDs, or had a positive HIV test
• Presently working 25 hours or more per week
• Not self-employed

Important details

• This is entirely optional coverage and won't affect your application for credit
• Cancel anytime with fees refunded if you cancel within 30 days
• Involuntary unemployment that occurs within 90 days after enrollment will not be covered
• Read more about coverage details, benefit maximums and exclusions in the sample addendum

Learn more

Learn how you can help ease your worries and protect your finances with debt protection. Call us at 215-934-3500.

Philadelphia Federal Credit Union is a full-service financial institution with locations in Philadelphia and Columbia County, PA.