Consumer Loan Payment Protection

Member's Choice Borrower's Security

Payment Protection for Your Consumer Loans

To enroll, contact the Call Center.

Experience freedom from worrying about unexpected financial hardship and a damaged credit rating. Help protect your SF Fire Credit Union loan with Member’s Choice Borrower’s Security.1

Member’s Choice will cancel your monthly payments for up to 6-months or $6,000 during periods of disability and 6-months or $3,000 during periods of involuntary unemployment or unpaid family leave. It can even pay the entire unpaid balance of your loan, up to the agreement maximum, if you happen to pass away before it’s paid off.

We’ve made it easy for you:

  • Simple eligibility requirements
  • Fast, easy enrollment
  • Fee can be included in your monthly payment
  • Immediate enrollment for eligible borrowers

Help protect your credit rating today!

Choose from 4 different protection packages:

Package 1

Protection includes:

  1. Loss of Life
  2. Disability
  3. Involuntary Unemployment
  4. Family Leave

Fee:

  • $0.290 per $100 of the monthly outstanding balance for Single;
  • $0.492 per $100 of the monthly outstanding balance for Joint

Package 2

Protection includes:

  1. Loss of Life
  2. Disability
  3. Family Leave

Fee:

  • $0.188 per $100 of the monthly outstanding balance for Single;
  • $0.319 per $100 of the monthly outstanding balance for Joint

Package 3

Protection includes:

  1. Disability
  2. Family Leave

Fee:

  • $0.137 per $100 of the monthly outstanding balance for Single;
  • $0.233 per $100 of the monthly outstanding balance for Joint

Package 4

Protection includes:

  1. Loss of Life

Fee:

  • $0.056 per $100 of the monthly outstanding balance for Single;
  • $0.092 per $100 of the monthly outstanding balance for Joint

1 Member’s Choice Borrower’s Security is a debt cancellation product available through SF Fire Credit Union. Please contact your SF Fire Credit Union loan representative, or refer to the Member Agreement for additional information on benefit maximums, eligibility, and limitations. This is a summary of our payment protection program. Enrollment in the program is voluntary and not required to obtain a loan.