INSURANCE

Does CCU offer credit life and credit disability insurance on any type of consumer loan?
Community Credit Union has two different payment protection plans to assist you: Credit Disability - an insurance policy, generally member paid, that pr...
Mon, Jul 27, 2020 at 1:14 PM
Does NCUSIF share insurance protect the interest of creditors?
No. NCUSIF share insurance protects only credit union members.
Wed, Nov 6, 2019 at 5:15 AM
Does NCUSIF share insurance protection apply only if a credit union is liquidated?
No. Liquidation is the only situation in which a member is directly provided share insurance protection by the payment of a check for his or her insured sav...
Wed, Nov 6, 2019 at 5:16 AM
How does NCUSIF pay members their shares when an insured credit union is liquidated?
Checks for each member’s shares (less any amounts due on outstanding loans) up to the insurance limit are mailed to the member’s last known address as shown...
Wed, Nov 6, 2019 at 5:16 AM
How does NCUSIF share insurance protect credit union members against loss?
Each credit union approved for NCUSIF share insurance must meet high standards of safety and soundness in its operation. Adherence to these standards is det...
Wed, Nov 6, 2019 at 5:17 AM
Is Community Credit Union covered by NCUSIF?
Yes, CCU is currently covered by the NCUSIF. Congress established the NCUSIF in 1970 to insure member share accounts at all federally chartered credit union...
Wed, Nov 6, 2019 at 5:18 AM
Is my money insured at Community Credit Union?
Yes, the National Credit Union Administration (NCUA) is the federal agency that charters and supervises federal credit unions and insures savings in federal...
Mon, Jul 27, 2020 at 12:43 PM
What happens to a member’s share account when an insured credit union is merged into another insured credit union?
Each member’s share account is transferred to the continuing credit union. Accrued dividend credit is also transferred. On the effective date of the merger,...
Wed, Nov 6, 2019 at 5:20 AM
What is Prepaid Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP)?
A mortgage insurance premium is a policy that protects lenders against losses that result from defaults on home mortgages.
Wed, Nov 6, 2019 at 5:21 AM
What is flood insurance?
Insurance which a borrower must purchase if the improved real property the borrower gives to secure a loan or loan account falls within a special flood haza...
Wed, Nov 6, 2019 at 5:25 AM