Debt Protection

Loan Payment Protection

Long-term unemployment in the United States has risen to its highest level since the Great Depression, as those who have lost jobs have found it difficult to find new ones.1

Whether you're taking out a loan to make home improvements or buy a vehicle, it can be a financial gamble because things happen…life happens. You’re betting you can pay back your loan and won’t lose your job (due to no fault of your own), or become disabled (due to injury or illness), or pass away—leaving your family responsible for your loan balance.

Help play it safe. 
Member’s Choice™ Borrower Security is a voluntary loan-payment protection product that helps you get relief from the financial burden of delinquency, default, or foreclosure if a protected life event unexpectedly happens to you. Simple eligibility requirements ease the enrollment process.  

Ask about protecting your loan payments.
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), Member’s Choice™ Borrower Security will cancel or reduce repayment of your loan debt. Help lessen your worries, and your family’s worries, about paying loans during a time when your income may be reduced or lost and paying other household bills becomes challenging. Protected events include:  

  • Loss of life, including those caused by acts of war
  • Disability, including those caused by acts of war
  • Involuntary unemployment

Call 303-321-4209 and ask about protecting your loans, today.

Member’s Choice™ Borrower Security is a debt protection product offered by Westerra Credit Union. Enrollment in this debt protection product is voluntary and not required to obtain a loan. Please contact a Westerra Credit Union loan officerfor additional information on benefit maximums, eligibility, limitations, and a copy of your contract.

1 Source:, On the Unemployment Line, Unable to Move, July 11, 2009.