Loan protection from CUNA.
Loan Protection from CUNA Mutual Group/CUNA Caribbean Insurance Society Limited covers all the eligible loan balances of a credit union member against untimely death or total and permanent disability. The insurance benefit repays the outstanding insurable loan balance should death, by any means, occur before age 70. The amount of the benefit is subject to what is referred to as the credit union’s individual maximum which, in the case of the UWI Credit Union, is $100,000. This means that up to $100,000 will be paid by CUNA to the Credit Union, to clear off the debt of a permanently disabled or deceased member, should either occur before age 70.
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Share and deposit guarantee from TTCUDIF
The Share & Deposit Guarantee Program from Trinidad and Tobago Credit Union Deposit Insurance Fund Co-operative Society Limited provides the following coverage to our members on winding up:
- Unencumbered Shares up to $75,000
- Unencumbered Deposits up to $50,000
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