You can request coverage when you apply for your loan, or at any time by contacting OAS FCU’s Lending Department. Availability may vary depending on your loan type, and coverage begins on the effective date of insurance as outlined in your certificate of coverage.

No. This coverage is completely optional and will never affect your loan approval or terms. Choosing whether or not to enroll is entirely up to you.

Coverage is available for most consumer loans, including auto loans, personal loans, and certain lines of credit. Your loan officer can confirm eligibility and explain how the insurance works for your specific loan type.

The premium is conveniently included in your monthly loan payment — there are no separate bills or surprise charges.

If you pay off your loan within the first 30 days of purchasing the coverage, you may be eligible for a refund of any unearned premium. Credit Insurance coverage will terminate when your loan is paid in full. Refunds, if applicable, are subject to policy terms and state requirements.

To file a claim for Credit Life or Credit Disability Insurance¹, please contact our Lending Team. They’ll guide you through the steps and help you complete the required documentation.

Yes. You can cancel your Credit Life or Credit Disability coverage at any time by submitting a written request to OAS FCU.¹

This insurance helps protect you and your loved ones from unexpected financial hardship. In difficult times — such as a serious illness, disability, or death — it may help cover loan payments or balances, up to policy maximums, helping preserve stability and peace of mind.