Loan & Credit Cards
Collateral Protection Insurance

What is Acceptable Insurance?

Insurance Declaration showing the following:

  • Credit union listed as loss payee/lien holder as follows:
  •                Hershey Federal Credit Union
                   232 Hershey Road
                   Hummelstown, PA 17036

  • Correct collateral description, including the year, make, model and complete VIN
  • Borrower/Insured name
  • Insurance company name
  • Policy number
  • Coverage effective/renewal date

Vehicle Loan:

  • Comprehensive AND Collision Coverage
  • Deductibles for comprehensive and collision (not exceeding $500 as set by HFCU)

Real Estate Loan:

  • The hazard insurance must be sufficient to replace the property if destroyed, or in an amount to retire all liens against the property.

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FDIC Equal Housing Lender America's Credit Unions

HFCU is federally insured by the National Credit Union Administration. HFCU is an Equal Opportunity and Housing Lender.

© 2016, Hershey Federal Credit Union. All Rights Reserved.

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