Debt Protection

Your safeguard against the unexpected. Do everything you can to take care of the ones you love.

Your family means everything to you. And if the unexpected happens, you don’t want an emotionally trying situation to be compounded by financial worry. That’s why there is Debt Protection, which may cancel your loan balance or payments in case of:

  • Involuntary Unemployment

  • Disability

  • Death

Debt Protection Life Plus

For additional protection, Life Plus can extend your Debt Protection to address a wide range of circumstances, giving you the reassurance of knowing you’ve taken steps to help secure your finances.

  • Accidental dismemberment

  • Terminal Illness

  • Hospitalization or family medical leave

  • Death of a non-protected dependent

Mechanical Repair Coverage (MRC)

Essential protection against costly repairs.

This coverage may help limit unexpected covered repair costs as your vehicle ages, potentially saving you thousands of dollars in repairs. What’s more, it works at any authorized repair facility in the U.S. or Canada.

Coverage Benefits:

  • Rental reimbursement

  • 24-hour emergency roadside assistance

  • Travel expense reimbursement

  • Key replacement

  • Paintless dent repair

  • No out-of-pocket expense (except for any deductible)

  • Cancelable

  • SO many more

GAP Insurance

If you are in the market for a new auto loan, purchasing GAP insurance from PALCO for only $699 can provide an additional piece of mind (cost is broken down and added onto your payments). Contact PALCO Federal Credit Union for details at (570) 546-2333.

Loan Protection Insurance and MEMBER'S CHOICE® Debt Protection Insurance are underwritten by CMFG Life Insurance Company:
CDCL-0810-495C