(Chicago, IL, January 2019) CEO Scott Arney is pleased to announce that Chicago Patrolmen’s Federal Credit Union,1407 W. Washington Blvd., now offers Killed in the Line of Duty Loan Protection, which is only available at five financial institutions across the county.
Killed in the Line of Duty Loan Protection is a special debt cancellation benefit created solely for active full-time Law Enforcement Officers. Available for multiple loans* at no cost to the borrower, this complementary benefit will cancel up to $850,000 of the outstanding balance of one or more loans should the unthinkable happen to an officer due to a line-of-duty incident.**
According to Arney, “Killed in the Line of Duty Loan Protection is a unique product because it is totally free to the borrower, but it pays off in countless ways, not the least of which is peace of mind.”
To learn more about Killed in the Line of Duty Loan Protection , please visit our website , or call 844-COP-SAVE.
Founded in 1938, Chicago Patrolmen’s Federal Credit Union is a full-service financial institution serving the needs of Law Enforcement Officers and their families. Led by Arney since 2002, the Credit Union is and always has been administered by a Board of Directors consisting entirely of active and retired Chicago Police officers.
Under the Chicago Patrolmen’s umbrella is National Police Credit Union, the first and only full-service financial institution created solely for national Law Enforcement Officers and their families throughout the United States.
*Eligible Credit Union loans include Mortgages and Home Equity Loans; Auto, Motorcycle and Boat Loans; Signature Loans, Uniform Loans, Tuition Loans, Student Loan Consolidations, and Credit Cards.
**Killed in the Line of Duty Loan Protection is available only for the qualifying officer, and the protection may not be purchased outright. This debt cancellation benefit only applies in the case of death. Please see loan addendum upon loan closing for more details.