Tel: (091) 844306 Fax: (091) 874118 Email: mail@athenrycu.ie

Loan Protection Cover Loan Protection Insurance

Loan Protection Insurance is free life insurance cover Athenry Credit Union provides on the lives of members with borrowings.

This means that should an insured borrower die, or (under most contracts) become totally and permanently disabled for any occupation, the insurance cover provides that the loan is repaid in full. If a member who is eligible for insurance cover and has signed the credit agreement dies with a loan outstanding, the loan balance is paid in full by the insurer.

Other financial institutions charge a separate insurance premium on top of loan repayment for this service. So you can borrow from Athenry Credit Union in the full confidence that your dependents will not be obliged to repay the outstanding loan balance.

Who is eligible?

Members are automatically eligible if they:

  • Carry out the normal duties of their occupation
  • They are in good health
  • In some circumstances a declaration of health may be required
  • Under the basic policy, Insurance cover ceases on the members 80th Birthday and Under Disability Cover it ceases at the members 65th Birthday.
  • In the case of a joint account, Athenry Credit Union will cover both named on account.

This insurance cover is provided at no direct cost to you the member

*Terms & Conditions Apply


Find Us here:
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  • Athenry Credit Union
  • Tel: (091) 844306
  • Fax: (091) 874118
  • Email: mail@athenrycu.ie
  • Web: http://www.athenrycu.ie
Athenry Credit Union is regulated by the Central Bank of Ireland and our Reg Number is 71CU