WCTFCU’s Credit Life & Credit Disability Insurance program will end on December 31, 2025.

Introducing TruStage™ Debt Protection
(Replacing Credit Life & Disability Insurance effective January 1, 2026)

On November 24, 2025, we will mail information packets to members who currently have Credit Life and/or Credit Disability Insurance on their loans. These packets will include:

• A notice that the current protection will end on 12/31/2025
• An explanation of our new TruStage™ Debt Protection program
• A description of the new coverage options
• A selection form and contract to choose a new plan (or no plan)

Beginning January 1, 2026, WCTFCU will offer TruStage™ Debt Protection as our new loan protection option.  Your monthly loan payment will not increase, regardless of which option you choose.

What Is TruStage™ Debt Protection?
TruStage™ Debt Protection is a voluntary loan protection program that can help cancel or reduce your loan payments or loan balance if certain covered life events occur.

Depending on the plan you select, TruStage™ Debt Protection may help make your loan payment or cancel your remaining balance in the event of:

• Death
• Disability (medically unable to work)
• Involuntary unemployment (job loss through no fault of your own)

TruStage™ Debt Protection:

Is optional

• Does not affect your loan approval
• Applies benefits directly to your loan (no cash benefit to you)
• Can be cancelled at any time

Our New TruStage™ Plan Options
Effective January 1, 2026, WCTFCU will offer three levels of TruStage™ Debt Protection:

🔵 LifePlus

LifePlus is our foundational protection level and includes a broad range of safety features designed to reduce or cancel your loan balance or monthly payments during certain life events.

LifePlus provides protection in the event of:

• Death
  • May cancel your remaining loan balance (up to program limits)
• Accidental Dismemberment
  • May reduce or cancel a portion of your loan depending on severity
• Terminal Illness
  • May cancel remaining loan balance when a qualifying terminal diagnosis is made
• Family Medical Leave
  • May cancel or reduce monthly payments while you take an approved family medical leave to care for a spouse, child, or parent
• Hospitalization
  • May cancel or reduce monthly payments during qualifying hospital stays

Why members choose LifePlus:

• Offers significantly broader protection than traditional Credit Life Insurance
• Helps shield family and co-borrowers from unexpected debt
• Includes several non-death protections that members often overlook
• Provides meaningful coverage at an affordable cost

🟢 LifePlus Disability

Includes all LifePlus benefits, plus:

Disability Protection

• May cancel or reduce monthly loan payments if you become medically unable to work
• Benefits apply during your period of qualified disability (subject to waiting periods and plan limits)

Why members choose this plan:

• Expands protection to include income interruption due to illness or injury
• Offers modernized safeguards beyond traditional Credit Disability Insurance
• Strong coverage for working members or those without employer disability benefits

🟣 LifePlus Disability & Unemployment

Our most comprehensive protection level.  Includes all LifePlus and Disability benefits, plus:

Involuntary Unemployment Protection

• May cancel or reduce monthly loan payments if you lose your job through no fault of your own (layoff, downsizing, business closure, etc.)

Why members choose this plan:

• Maximum protection during the three most disruptive events: disability, death, and job loss
• Helps safeguard your credit and household budget
• Ideal for members who want “cover-all-bases” protection

What Happens to Your Loan Payment?
No matter what you choose, your monthly loan payment amount will not increase.

If you choose no coverage:

• Your monthly payment stays exactly the same.
• The portion of your payment that previously went toward Credit Life/Disability premiums will now go directly to principal, helping you pay down your loan faster.

If you choose one of the new TruStage™ Debt Protection plans:

• Your monthly payment still stays the same.
• A portion of your regular payment will now go toward your elected TruStage Debt Protection, and the remaining portion will go toward your principal and interest.
• You will continue making payments in the same amount until your total loan balance and any applicable protection fees are fully repaid, according to the terms of your loan and the protection plan.

In all cases, your budget stays the same—you will not see an increase in your scheduled monthly payment amount due to this change.

When to Contact Us

Until January 1, 2026, TruStage™ Debt Protection cannot be added to your loans.

Please review the packet mailed on 11/24/2025 for details.  If you still have questions, please contact us.

We appreciate your membership and look forward to continuing to serve your financial needs.