Credit unions provide a practical, community based way of saving, borrowing and protecting your money.

CUNA Mutual Group has been operating in the UK since 1979 providing insur ance and financial services to credit unions and their members. CUNA Mutual's unique position as the credit union's insurance company allows it to provide cover whilst keeping the money in the Credit Union movement.

Through Life Savings and Loan Protection insurance, your credit union pays to insure your savings and loans via CUNA.

What is Free Life Savings?
Credit unions uniquely insure your savings with Life Savings insurance at no cost to you. This means that should the unthinkable happen, your designated beneficiary will receive your savings plus the insured amount up to a maximum of £10,000,

What Does Life Savings Cover?
Your life savings insurance will cover up to 100% of your savings amount, to age 65 and up to a maximum of £10,000, meaning that should you die, we will match 100% of your savings and pay this amount to your chosen beneficiary. Between ages 65 and 80, we will match 25% of your new savings deposits while still protecting 100% of any deposits made before age 65 and not withdrawn.

When does Life Savings Not Apply?
Any new deposits are subject to a six month Pre-existing Condition Limitation. This means that should you die from a pre-existing medical condition, any deposits made in the last six months are not covered. Life Savings Insurance does not cover death due to HIV/Aids, Suicide, Terrorism or War.

*Terms and conditions apply
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What is Free Loan Protection?
Credit unions provide free life insurance on your credit union loan, one of the unique benefits of credit union membership. This means that in the event of your death, your credit union loan balance is paid off by this insurance so you needn't worry about passing on debt to your next of kin when you die.*

This benefit fulfils one of the credit union movement's unique principles of ensuring that the member's debt dies with them. It is a unique benefit to credit union members and would cost extra money with most other institutions.

What Does Loan Protection Cover?
Loan Protection insurance automatically covers 100% of credit union loans held by members aged between 16 and 80, to a maximum value of £10,000. If your loan amount is higher than £10,000, Loan Protection insurance will cover the first £10,000 of the loan.

When does Loan Protection Not Apply?
Any new loan agreements are subject to a six month Pre-existing Condition Limitation. This means that should you die as a result of a pre-existing medical condition (for which medical advice, consultation or treatment was received), within 6 months of taking out your loan, Loan Protection insurance will not be applied.

Loan Protection Insurance does not cover death due to HIV/Aids, Suicide, Terrorism or War.

*Terms and conditions apply

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