Loan Protection Insurance

Loan Protection Insurance is the insurance cover the Credit Union provides on the lives of its borrowing members.

If a member who is eligible for insurance cover and has signed the Credit Agreement passes away with a loan outstanding, the loan balance is paid in full by the insurer.

You will be informed at the time of the loan application if your loan exceeds the amount covered by the credit unions policy. Under the basic policy death cover ceases on the members 70th birthday. The credit union has the option of extending this age limit to the members 80th birthday by affecting cover under the Over 70 Rider. Terms and Conditions apply.

Clonmel Credit Union no longer provides disability loan protection.

We offer many services aimed at improving access to financial services and encouraging financial inclusion.