ST. PAUL, Minn. -- Fox Communities Credit Union has signed on to use Securian Financial Group's debt cancellation products and open-end lending solutions.
Securian said it recently introduced a new line of debt cancellation products. Debt cancellation makes the borrower's loan payments in the event of death, disability, involuntary unemployment, family leave, or hospitalization. Open-end lending is similar to a revolving line of credit. A member applies for a loan once, yet can add to it without additional paperwork, according to Securian.
In addition to the new products, FCCU members will have access to the proprietary Internet Quick Quote software provided by Allied Solutions, a Securian subsidiary. IQQ enables members to compute costs and payments for loan protection products.
Based in Appleton, Wis., $662 million FCCU serves more than 62,000 members.
--msamaad@cutimes.com
