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Debt Shield™

Life is unpredictable.

There are a wide range of unexpected events that could leave you and your family scrambling to pay monthly bills. That’s why it is important you take action to safeguard your family against these types of events to ensure loan payments can be made on time. That’s where USSFCU’s Debt Shield™ comes in.

Under the USSFCU’s Debt Shield™ 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.

Designed with you in mind.

More than ever, we all worry about things that might happen tomorrow. United States Senate Federal Credit Union’s Debt Shield™ 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 USSFCU’s Debt Shield™ at any time. If you do so within the first 30 days, we will refund any fees already paid.

Call Member Services at 800.374.2758 to learn more or to get started! 

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Availability and Plan Options

 

Download Our Brochure

 

Definitions of Coverage

  • Death- Give your family time to get back on their feet financially
    • All plans: Cancel the remaining loan balance as of date of death (up to $75,000).
  • Disability- Help avoid bills pilling up as you try to regain your health and earning capacity. Use this benefit as a supplement to any disability coverage you may have at work.
    • Consumer plans 1 and 2, and Home Equity plans 1 and 2: Cancels payments for as long as borrower is disabled (aggregate maximum of $75,000, up to $1,000 per month).
  • Involuntary Unemployment- Ensure your loan payment will be taken care of as you search for new employment.
    • Consumer plans 1 and 4, and home Equity plans 1 and 4: Cancels up to 6 payments per occurrence (aggregate maximum $15,000, up to $1,000 per month).

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Your purchase of debt protections is optional. Whether or not your purchase this product will not affect your application for credit or the terms of any existing credit agreement you have with us. We will give you additional information before you are required to pay for debt protection. This information will include a copy of the contract containing the terms and conditions of debt protection. 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 program.  

Membership eligibility required. Federally Insured by NCUA

DEBT SHIELD™ is a trademark of the United States Senate Federal Credit Union (USSFCU). Use of the name Debt Shield™ without the express consent of USSFCU is strictly prohibited.

Members' Voice Testimonials

USSFCU puts members first and helps people. Compared to U.S. banks, which forget their humble beginnings and often behave like (they are) above the law. Credit unions seem to have maintained their purpose and USSFCU is among the best. I am proud to be a member and grateful for the service provided by USSFCU.

I've been a member for about 31 years now and I've always been able to count on the USSFCU when I've really needed them.

Excellent customer service. Staff are knowledgeable, responsive and able to provide individualized help. I live in another state and am still amazed how easy it is to use USSFCU for all my financial needs. It has always been this way and with technology solutions, it is easier than ever. But it is the personal assistance that really makes the diffe...

Been a member for a very long time. I have always been treated with kindness and expertise. Keep up the good work!

Love the phone calls regarding possible suspicious activity with my account. It's reassuring to know that everything is safe.

I would recommend the USSFCU based on the excellent customer service I have received from the Senate Credit unions I have visited (Eisenhower and GAO).

Accessibility and customer service have been exceptional. I have been a member for almost 40 years and have always been satisfied with the service and professionalism of the staff.

USSFCU cares about those who bank with it and that caring is not lip service but translates into action.

I have been with the credit union for almost 15 years and all in all am extremely pleased with the service I have gotten. Definitely better than any bank.

Very personable, solution based and takes in interest in your situation.

Unfailing service by dedicated staff. I feel that USSFCU has my back. Staff has gone to bat for me whenever needed. I'm not aware on any mistake or inconvenience in my 30 years of membership. Excellent long term leadership, continuity and service by board.

Easy to become a member and superb customer support. I dealt with two different USSFCU representatives and they were fantastic. I was able to reach them immediately or if they were tied up they contacted me as soon as they became available. They helped me open an IRA and answered any and all questions with great attitudes and professionalism. They ...

The credit union provides relatively good services and the security updates to the system are noticeable.

It took a matter of minutes to open the account and purchase a CD. The credit union that I have done business with for about 40 years took more than a week to close a joint account and transfer the funds to a new account when my husband died.

Outstanding online and mobile banking services. Professional, Courteous, knowledgeable responsive staff!

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