Credit Protection

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Wondering how to handle payments if you become disabled?
Concerned about your loans if you suddenly lose your job?
Want peace of mind knowing your loan will be covered if something happens to you? 

Credit Protection is an agreement between you and Desert Schools that safeguards your credit rating on your Desert Schools loan(s) during a critical period when Credit Protection is added to your loan. If you purchase the Credit Protection, we agree to cancel up to 3 or 6 months of consumer or home equity loan payments* in the event of involuntary unemployment or disability. For loss of life, Desert Schools will cancel the loan balance as of the date of death, up to a maximum benefit of $75,000. Our packages are noted below.


Credit Protection
Consumer Loan Plans
  • Total: Involuntary unemployment, disability, or loss of life
  • Disability: Disability or loss of life
  • Life: Loss of life
  • Unemployment: Involuntary unemployment or loss of life

Real Estate Loan Plans

  • Total: Involuntary unemployment, disability, or loss of life
  • Disability: Disability or loss of life
  • Life: Loss of life

Eligibility requirements apply - Contact us for details. 

This product is optional
Your purchase of credit 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 credit protection. This information will include a copy of the contract containing the terms and conditions of credit  protection.

Eligibility requirements, conditions and exclusions
There are eligibility requirements, conditions, and exclusions that could prevent you from receiving credit protection benefits. You should carefully read your credit protection contract for a full explanation of the terms and conditions of the credit protection program.

*$1000 per month maximum payment; up to $15,000 over term of the loan per protected event per covered member.

Equal Housing Lender Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S.Government Agency. ©2014 Desert Schools Federal Credit Union