Payment Protection Plan
Optional Payment Protection
When an unexpected life event happens causing your income to be reduced or lost, the pressure of taking out a loan to keep current on payments can amplify an already stressful situation. Protect yourself and put your mind at ease with a Payment Protection Plan.
The Atlantic Federal Credit Union offers this optional layer of protection to ensure your ability to keep making payments and help protect your credit score from the damage caused by missing payments.
Most importantly, a Payment Protection Plan will help keep life moving forward in the event that an unexpected situation arises.
| Eligible Loans | Protected Events |
|---|---|
| Auto Home Equity Personal Loan Visa Card | Disability Involuntary Unemployment Loss of life |
Payment Protection Plan coverage is available for current and new loans and can be canceled at any time. Call us at 908.245.1750 for more details and to apply.
Purchase of this protection is optional and will not affect your application for credit or the terms of any credit agreement to obtain a loan. Certain eligibility requirements, conditions and exclusions may apply. Eligible borrowers may apply for coverage any time up to 180 days after the date of (a) your closed-end loan or (b) an advance under a line of credit. Only one borrower and one co-borrower may apply for the Plan. Co-signers, guarantors, and non-borrower owners of collateral are not eligible to apply.
Community Banking At Its Best
The Atlantic Federal Credit Union offers many of the same services as a bank, often with better rates and lower costs. As a not-for-profit financial cooperative, our only priority is meeting the needs of our Members. We pride ourselves on delivering personalized service backed by the latest in digital banking technology so you can bank whenever and wherever is most convenient for you. Plus, we exclusively serve Essex and Union counties in New Jersey, which means your hard-earned deposits are kept secure locally and loans are serviced locally.
Not Yet a Member?
Apply today to unlock all of the Membership benefits at The Atlantic, including great rates, low fees, access to the latest in online and mobile banking technology, and much more.
Who is Eligible for Membership?
Membership is available to anyone who lives, works, worships, attends school or regularly does business in Union or Essex counties in New Jersey. Businesses and legal entities in Essex or Union counties are also eligible.
Immediate family members of existing members, including your spouse, children, siblings, parents, grandparents, grandchildren, stepchildren, stepparents, stepsiblings and adopted children, are also eligible for Membership. Non-related individuals living in the same household can also qualify.
Not sure if you are eligible? Call us at 908.245.1750.
