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Loan Protection Insurance

Loan Protection Insurance is the cover your credit union provides for eligible members with credit union loans. The premium for this insurance is paid by the credit union.


Should a member with an outstanding loan balance die, the balance is repaid in full, subject to terms and conditions and certain cover limits which apply. You should enquire when making your loan application to see if you are eligible.

If you are an eligible member, this means that you can borrow from your credit union in the full confidence that your dependents will not be obliged to repay the outstanding loan balance in the event of your death*.  You should check with your credit union for full details of cover under their loan protection policy.


When borrowing from your credit union, a member is eligible for cover if:

  • they have not reached their 70th birthday (check with your credit union as this can be extended up to the 80th or 85th birthday).
  • the borrower can confirm they can actively and regularly perform all the usual duties of their occupation and further terms and conditions can apply. For larger loan amounts a medical questionnaire may be required.

* Some credit unions also insure borrowing members for Permanent and Total Disability.

Please contact your local credit union for more information on Loan Protection Insurance.

ECCU Assurance Designated Activity Company is regulated by the Central Bank of Ireland. For business in Northern Ireland ECCU Assurance is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority (and the Prudential Regulation Authority) under firm reference number 203233. ECCU Assurance Designated Activity Company, a private company limited by shares and registered at the Companies Registration Office in the Republic of Ireland with registered number 73410. Registered Office 33-41 Lower Mount St., Dublin D02 Y489. ECCU Assurance, 16 Townsend St., Banbridge, Co. Down BT323 LF (a branch of ECCU Assurance DAC) is a UK establishment (with registration number FC039503 and BR024609) registered in Northern Ireland.
G. Jordan, A. Kennedy, J. Lyons, C McDonnell, H. McManus, K. Murphy, E Sharkey.