Cardholder Payment Protection

Payment interruption insurance safeguards credit unions and their cardholders. This turnkey program operated by PSCU Financial Services and Central States Indemnity of Omaha (CSI) alleviates or reduces credit card obligations in the event of an unexpected loss or hardship:

• Insurance takes over minimum monthly payments if the primary insured cardholder becomes involuntarily unemployed or disabled for more than 30 days (some exclusions and limitations apply).
• Unpaid balances up to $10,000 are paid in the event of the death of the primary or secondary insured cardholder. Credit unions receive a percentage of all premiums collected each month. Since CSI provides toll-free customer service and handles all administrative functions and coverage and claims processing, no credit union involvement is needed.