Line of Credit

Notice to members who have CUMIS Monthly Premium Insurance on a line of credit: rate adjustment effective November 1, 2013.

You have made a wise choice enrolling for Creditor Insurance on your line of credit loan to protect you and your family against life’s unforeseen events. You will continue to have peace of mind knowing you and your family are protected.

If you currently have Life Insurance coverage on a line of credit loan with an authorization limit less than or equal to $50,000 and if you are aged 51 or older, your rates are being adjusted on November 1, 2013. This will result in an increase in your Life Insurance premium. If you are under the age of 51 your rates will not be impacted until your 51st birthdate. Also note if you have Disability Insurance coverage on your line of credit loan, the disability rate will increase by 10%.

You will receive a notification letter from CUMIS to advise you of this rate adjustment which will outline your current and new premium rate per $1,000 of life and disability* insurance coverage.

It’s important to remember that life can be unpredictable and being prepared for the unexpected is one of the greatest gifts you can give your loved ones. Creditor Insurance, provided by our partner, CUMIS, provides peace of mind that is priceless.

If you have any questions once you receive your notification letter from CUMIS, please contact CUMIS Customer Service at 1.800.263.9120. They have representatives available Monday to Friday from 8:00 a.m. to 8:00 p.m. EST. 

For additional information on our creditor insurance partner, CUMIS, you can also visit their website at

*applicable if you have disability insurance coverage.

Your Personal Line of Credit will give you the freedom to buy things that you want and a family vacation or home renovations. Line of Credit Insurance will give you the peace of mind knowing that your line of credit will not become a burden for you or your family if you should become seriously ill or pass away.

Line of credit insurance coverage provides:

  • Life only,disability or both
  • Flexible single or joint coverage
  • Affordable monthly payments

 The premium is based on the average monthly balance.