Payment Protection

How Payment Protection works

Payment Protection offered by DCU helps relieve the financial stress and worry related to making loan payments when your life takes an unexpected turn.

Your loan payment* will be canceled for a period of time without penalty, added interest, or being reported as delinquent to the credit bureau when one of the following covered events occur:

• Death – gives your family time to get back on its feet financially.
• Disability – helps you avoid bills piling up as you try to regain your health and earning capacity. Use as a supplement to any disability coverage you may have at work (which usually covers only 60 percent of pay).
• Involuntary Unemployment – gives you assurance during a difficult time that one of your major monthly expenses will be taken care of as you search for new employment.
• Family Medical Leave – helps your family with a major expense during what is often an unusually hectic time – a leave from your job for family or medical reasons.
• Hospital Stay – provides peace-of-mind and one less worry while you're in the hospital.

How To Get Payment Protection

Please consult with one of our loan representatives to discuss the Payment Protection Program in more detail. Or, call us at 800.328.8797.

* DCU Payment Protection is available for closed-end consumer loans (if the loan has a term of 120 months or less) and credit cards up to $50,000.  Refer to your plan documentation for specific terms and conditions.