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
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:
Household of three or more
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.
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.