Loan Protection


Safeguard Your Loan with Loan Protection

Loan Protection provides you with security in the case of an unforeseen event that could impact your ability to repay your Elevations Credit Union loan obligation. If you can't make your payments, Loan Protection can make them for you.

You can add Loan Protection to your auto loans, credit cards, personal and deposit secured loans.

Do you already have a loan in place at Elevations Credit Union? Don’t worry, you can still choose one of these packages. Loan Protection can be added to a loan at the time it is opened or added during the life of a loan.

Why should you consider Loan Protection?

Here are a few good reasons:

  • Helps protect you and your family against financial hardship should the unexpected occur
  • Helps protect your good credit rating
  • Reduces the financial burden on your family should you die, become disabled, or lose your job
  • Easy enrollment, and simple eligibility requirements
  • Can protect up to two borrowers per loan

Customize your Loan Protection package to any one of these five options:

  • Life
  • Disability
  • Life and Disability
  • Involuntary Unemployment and Disability
  • Life, Disability, and Involuntary Unemployment

I have Credit Life and Disability Insurance on my current loan, can I change it to Loan Protection?

Yes. It is a simple process. Contact us for more information.

This is a summary of our Payment Protection program. Enrollment in the program is voluntary and not required to obtain a loan. Loan Protection is a debt cancellation product available through Elevations Credit Union. Please contact your Elevations Credit Union loan representative, or refer to your Loan Protection contract for additional information on benefit maximums, eligibility and limitations.