NCUA
Your deposits are completely safe at Mobile Educators Credit Union…all deposit accounts are insured up to $250,000 by the National Credit Union Administration until December 31, 2009.
an agency of the federal government.
Mobile Educators offers several forms of insurance to our members; some are provided at no cost to the member, others are member pay based on your needs.
Loan Protection Insurance*
Member loans (up to $20,000 total) are covered with life insurance at no cost to the member. A copy of Loan Protection insurance policy will be given to you with each loan.
Life Savings
Member savings deposits are insured dollar for dollar, up to $3,000, depending on age at time of deposit at no cost to the member. A copy of Life Savings Insurance Policy is available at any Mobile Educators Credit Union location.
Below is a list of member pay insurance programs. Periodic direct mail information will be sent to you.
CDI - Credit Disability Insurance
Members may purchase credit disability on most loans, certain restrictions apply. Your loan officer will discuss cost and options when you apply for a loan.
Term Life
Available through CUNA Mutual Group. Call the Marketing Center 800-356-6006
Cancer
Available through Loyal American. Call 800-277-0312 or visit their Web site.
Accidental Death and Dismemberment
Available through PAS. Call 800-527-2209
Long Term Care
Contact Financial Service Consultant, Rick Nelson at 251-473-4712
* loan protection insurance is not available on mortgage loans or charge cards
