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Debt Protection

Life is unpredictable.  With the Gerber FCU Debt Protection program, your loan balance may be canceled or your monthly loan payments canceled without penalty or added interest. You benefit from the peace of mind knowing you and your credit rating are protected – and most importantly – that your family is protected.

Availability and plan options
Gerber FCU Debt Protection program is available for Closed-end consumer loans if the loan has a term of 120 months or less, consumer lines of credit and credit cards. Closed-end consumer and home equity loans (i.e. second mortgages) if the loan has a term of more than 120 months; and home equity lines of credit.  First mortgages are ineligible.  Choose from the plan options listed here.

Designed with you in mind
More than ever, we all worry about things that might happen tomorrow.  Gerber FCU Debt Protection provides an important sense of financial security – knowing your loan will not become a burden to you in times of hardship.

Cancel at any time
You may cancel Gerber FCU Debt Protection at any time. If you do so within the first 30 days, we will refund any fees already paid.

Want to learn more?
Talk to a representative today by calling one of our Lending Professionals at (231) 924-4880 option 3 to learn the details about our Gerber FCU Debt Protection program.

This product is optional
Your purchase of debt protection is optional. Whether or not you purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us.
Additional disclosures
We will give you additional information before you are required to pay for Debt Protection. This information will include a copy of the agreement containing the terms and conditions of Debt Protection.
Eligibility requirements, conditions, and exclusions
There are eligibility requirements, conditions and exclusions that could prevent you from receiving debt protection benefits. You should carefully read your Debt Protection contract for a full explanation of the terms and conditions of the Debt Protection plan.