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Equal Housing Lender
The Narrows
Cumberland, MD
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Savings accounts in the credit union are covered by life savings insurance up to
$4,000.00 through CUNA Mutual.
Life savings insurance is calculated on the regular savings
accounts only. If there are more than one regular savings
accounts for the deceased member, the funds in all accounts will be totaled and
submitted as one account.
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TABLE OF COVERAGE
Maximum Coverage Under This Certificate is $4,000.00 |
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Age of member on date of deposit OR
Date coverage issued by CUNA Mutual,
whichever is later |
Amount of Insurable
Balance Covered |
| 0 - 6 months |
25 % |
| 6 months through 54 years |
100 % |
| 55 years through 59 years |
75 % |
| 60 years through 64 years |
50 % |
| 65 years through 69 years |
25 % |
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After the member reaches six months of age,
they will have 100% coverage on their insurable balance. |
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No coverage is afforded on that portion of any
Member's balance
deposited after his or her 70th birthday. |
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