Glasgow Credit Union provides members with free savings and loan protection cover – giving you added peace of mind when saving and borrowing with us.

Life Savings Protection

One of the many ways we reward you, and your loved ones, for choosing Glasgow Credit Union is by providing you with free Life Savings cover, which can give your family an added financial benefit when they need it the most.

In the event of your death, our free Life Savings cover provides a one-off payment, equal to the value of your savings balance (up to a maximum of £10,000) to your estate.

Maximum cover£10,000
Maximum age at depositDay before 65th birthday
  • Savings deposited on or after your 65th birthday do not qualify for cover
  • After 65th birthday, the lowest balance in the account is the amount covered

Cover details correct at 01/04/16.

Restrictions apply.  Terms of this free member benefit can change and the applicable terms are those in force at date of death.

Loan Protection

When you choose to borrow with Glasgow Credit Union, you can do so knowing that your loan (up to maximum £25,000) is covered by our Loan Protection scheme – which means that if the worst should happen to you, your loved ones will not be left paying your debt.

Loan Protection is provided free on all applicable unsecured loans

Maximum cover£25,000
Age limitMember’s 80th birthday

 

Cover details correct at 01/04/16.

Restrictions apply.  Terms of this free member benefit can change and the applicable terms are those in force at date of death.

Please note that Life Savings and Loan Protection policies are held by the credit union, not each individual member.  Members receive these free protections as a benefit of membership.