Add Credit Life and Disability To Your Loans

Posted by SIU Credit Union on Nov 5th, 2009 | 2 comments

Every member has needs and they are unique in every circumstance.  SIUCU is now offering loan protection to all of our members to give you the peace of mind you deserve.  You will be offered the product of Credit Life and Disability when applying for a loan.  Both members and their families will benefit through their loans being paid off in case of death or disability.

Members who are out of work because of disability may find themselves waiting even longer for the Social Security safety net to catch them.

In 2007, the Social Security Administration experienced a record breaking backlog of disability claims.  The average waiting period to get a hearing has reached 17 months. Having the extra protection on your loan will ease the stress during this difficult time.

Many U.S. households say they need more life insurance.  The average amount of life insurance you need is three to six times your annual income.

Your life insurance needs to:

Replace your income

Pay off your mortgage

Cover daily living expenses (food, utilities, transportation, child care)

Pay for college education for your children

Cover retirement for your spouse

Pay for funeral expenses

Pay off loans

By adding Credit Life and Disability insurance to your loan, you will have the piece of mind knowing that your obligations will be taken care of when you need it most. Stop by any branch location. We’ll be happy to discuss how Credit Life and Disability can benefit you.  For more information on insurance products offered thought CUNA Mutual Group, visit http://www.siucu.org/resources/index.htm#insurance

–Kim Babington, Vice President of Operations

In Times of Emergencies… It’s Good To Know You Have Connections!

Posted by SIU Credit Union on Oct 21st, 2009 | no comments

If you have ever had an emergency and needed immediate transport to a hospital by helicopter, you know that this can costs thousands of dollars.  Transport by air ambulance can make the difference between life and death for many citizens.   Air Evac operates the world’s largest fleet of more than 100 medically-equipped Bell helicopters and has safely flown more than 180,000 people who were in critical need of care. Service area includes Alabama, Arkansas, Georgia, Illinois, Indiana, Iowa, Kentucky, Mississippi, Missouri, Ohio, Oklahoma, Tennessee, Texas and West Virginia, with the company being the largest air ambulance provider in 8 of its 14 states.

Membership in Air Evac Lifeteam is a subscription-based program. Membership provides prepaid protection against all of Air Evac Lifeteam’s transport costs that exceed any insurance or medical benefits you may have. Most insurance companies will pay 100% of what they deem an allowable amount for air ambulance, which does not necessarily mean that the total cost of the flight will be covered.  Members are entitled to transport by an available Air Evac Lifeteam helicopter to the closest appropriate medical facility for medical conditions deemed by an attending medical professional to be life- or limb-threatening, or that could lead to permanent disability.

Although you do not have to be a member to use the air ambulance service, membership offers several benefits:

• As a member, Air Evac Lifeteam they work on your behalf with your insurance company to secure payment for its flight. For all Air Evac Lifeteam transport costs that exceed any insurance or medical benefits you may have, the company will waive all costs not covered by your insurance or benefits.
• Memberships are valid in all Air Evac Lifeteam service areas so members are covered while traveling. More than 85 mutually supporting bases are located across 14 states within the United States.
• Becoming an Air Evac Lifeteam member is a good way to support the health care needs of your community. The company’s membership base helps it operate in rural areas where having a quick response time to critical medical situations can save lives. If not for its members, Air Evac Lifeteam would be challenged to provide its livesaving service in many of its outlying communities.

Air Evac Lifeteam Membership Fees

If interested in learning more about membership benefits, call toll free 800-793-0010 or go to www.lifeteam.net and visit the FAQ section on the website for details.

Your Deposits are Insured

Posted by SIU Credit Union on Sep 15th, 2009 | one comment

Credit Union leader Daniel Mica, of CUNA, outlines how credit unions are strong, safe and sound with virtually all insured by an agency of the federal government — just as banks are federally insured.

Mica, a former U.S. congressman, is president and CEO of the Credit Union National Association (CUNA), the leading trade association representing the nation’s 8,500 credit unions and credit union leagues in all 50 states and the District of Columbia. Credit unions are not-for-profit, member-owned financial cooperatives. With 90 million members – nearly one in three Americans – credit unions constitute perhaps the nation’s largest membership group.

At SIU Credit Union your savings are federally insured to at least $250,000 and backed by the full faith of the U.S. Government. National Credit Union Administration, a U.S. Government Agency.