DEPOSIT INSURANCE

All member deposits are federally insured up to $250,000.00 by the National Credit Union Administration (NCUA), the federal government regulator of credit unions in the U.S.

Click Here to learn more about the NCUA and to view the Share Insurance Toolkit.

Additional deposits above $250,000.00 are insured through the Massachusetts Share Insurance Corporation (MSIC). Click here to see MSIC insurance information.

For additional information or any questions concerning insurance, please call Seaport CU member services at 978.744.1153.

CREDIT LIFE INSURANCE

A protection plan that pays off members' loans, up to the policy maximum, if they die before the loan is paid off.

Benefits are payable to the credit union when the member dies. The benefit will equal the insured balance of the member's loan up to the maximum insurable amount.

It's simple and convenient to enroll, and is offered at competitive group rates. Premium can be added to the loan balance.

CREDIT DISABILITY INSURANCE

A protection plan that helps make loan payments to the credit union if the member becomes totally and continuously disabled by a covered sickness or accident.

Benefits are payable for total and continuous periods of sickness or disability that last longer than the credit union policy waiting period.

It's simple and convenient to enroll, and is offered at competitive group rates. Premium can be added to the loan balance.