Life Savings Protection

Life Savings Protection is a free safeguard offered by Scotwest Credit Union as a benefit automatically to its members. In the event of your death, it provides your family with a single lump sum payment which can help them cover funeral and other expenses.

It is a financial benefit that supports your family when they most need it, giving you a level of protection that you simply would not get with traditional banking institutions.

Life Savings Protection is designed to recognise and reward your family for your commitment to save. The value of this payment is directly linked to your savings: the more you save, the higher the benefit payment. Up to a maximum value of £5,000, every £1 in savings will be matched by £1 of benefit.

The terms of this member benefit may change from time to time. The applicable rates / amounts covered are those prevalent at the date of death.

Please note: You do not have an insurance policy.

Loan Protection

Loan Protection is a free safeguard offered by Scotwest Credit Union as a benefit automatically to its members. Your family can be secure in the knowledge that your Scotwest Credit Union debt* (up to an aggregate maximum value of £15,000) can be cleared, giving them peace of mind at a difficult and uncertain time.

Loan Protection is designed to help support you and your family by providing them with financial security ensuring that, when your family most need it, your debt* is paid off.

The terms of this member benefit may change from time to time. The applicable rates / amounts covered are those prevalent at the date of death.

*Loan Protection is provided on all unsecured loans. All other loans, excluding mortgages, are covered up to the age of 79.

Please note: You do not have an insurance policy.