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Life happens. That’s why we offer Members Choice™ Borrower Security to members. It is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected, unforeseen, life event unexpectedly happens to you that makes bill-paying difficult and a burden. Plus, simple eligibility requirements ease the enrollment process.
How it works
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Member’s Choice Borrower Security will cancel or reduce repayment of your loan debt—helping you lessen your worries about paying loans during a challenging time. Protected life events include:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
* MEMBER’S CHOICE™ Borrower Security is a debt protection product offered by Denver Community Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact a Denver Community Credit Union loan officer for additional information on benefit maximums, eligibility, limitations, and a copy of your contract.
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