Serving the financial needs of St. Louis City, St. Louis County, St. Charles County & Jefferson County. Trusted since 1928.
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Debt Protection Coverage

Preserve your standard of living.

Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens. You’re betting you can pay back your loan and you won’t lose your job (to no fault of your own), or become disabled (due to injury or illness), or pass away, leaving your family responsible for your loan balance. Life events can cause financial hardship, making bill-paying difficult. You don't want delinquent payments and defaulted loans to cause you to lose your assets, negatively impact your credit rating, or cause financial distress for your family.

Help play it safe.

Neighbors Credit Union Debt Protection Coverage* is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. And, simple eligibility requirements ease the enrollment process.

Protection that matters.

If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Debt Protection Coverage will cancel or reduce repayment of your loan debt—helping to lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war 
  • Involuntary unemployment

*Debt Protection Coverage is a debt protection product offered by Neighbors Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact Neighbors Credit Union for additional information on benefit maximums, eligibility, limitations, and a copy of your contract.
 

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Click for the BBB Business Review of this Credit Unions in Saint Louis MO 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. ESI: Additional coverage up to $250,000 provided by Excess Share Insurance Corporation, a licensed insurance company. Equal Housing Lender