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Many of SLFCU’s branch lobbies have re-opened for member service with additional safety precautions. Kirtland and Livermore East remain closed. Learn more. To read more about how COVID-19 is affecting SLFCU, click here.

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The Borrower Protection Plan6/3/2019

Peace of Mind for Your Auto Loans, Credit Cards, and Signature Loans

The Borrower Protection Plan is a loan-payment protection product that may provide relief from the financial burden of delinquency, default, or repossession by canceling or waiving your loan payment, up to the contract maximum, if a protected life event happens to you or your co-borrower. Depending on the plan you choose, protected events may include:

  • Loss of life
  • Disability
  • Involuntary unemployment

Borrowers and co-borrowers receive the same protection. There is no eligibility age limit, and no health questions will be asked.

Protection for New and Existing Loans

Talk to an SLFCU loan officer about adding the Borrower Protection Plan when you open an auto loan, credit card, Signature loan, or Signature CreditLine, or add the Borrower Protection Plan to your existing loan. Call 505.293.0500 or 800.947.5328 for details.

Your purchase of the Borrower Protection Plan is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the Borrower Protection Member Agreement for a full explanation of the terms of the Borrower Protection Plan. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. [DP-2526506.1-0519-0621], © CUNA Mutual Group 2019, All Rights Reserved.

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