Member Benefit

Any member of The Police Credit Union who is an active full-time sworn peace officer or reserve peace officer.

There is no cost to you as a member of The Police Credit Union.

To qualify for the End of Watch Debt Forgiveness Benefit, the Borrower must 1) have funded a new loan amount of at least $10,000 with The Police Credit Union, and 2) be a member of the Credit Union and be an active full-time sworn peace officer or reserve peace officer employed by a federal, state, county or municipal agency.

The End of Watch Debt Forgiveness Benefit cancels the outstanding loan balance(s) as of the eligible officer's date of death up to a combined maximum of $850,000 for all loans with the Credit Union.

Yes, all eligible loan types are covered, including mortgage loans.

The Borrower's death is not eligible for the End of Watch Debt Forgiveness Benefit if the death:

1. is due to the Borrower’s suicide;
2. occurs after the date on which the Borrower reaches age 70;
3. occurs prior to the Effective Date of coverage;
4. is due to the Borrower’s commission of, or attempt to commit, a crime, assault or felony;
5. is caused by or results from an atomic explosion or any other release of nuclear energy (except when used solely for medical treatment);
6. is due to an act of war, whether declared or undeclared; or
7. is caused by or results from an actual or expected act of terrorism.

No, the two are different. Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations. Premiums are paid by the holder of the insurance policy and there is no payout upon the death of the account holder.

The End of Watch debt forgiveness benefit is a program offered by The Police Credit Union at no cost to qualifying members that cancels a sworn peace officer’s outstanding loans up to $850,000 when death occurs while the member is engaged in work‐related activities as a full‐time peace officer, whether on or off duty, as the result of external force, violence or disease. No sign-up is required; The Police Credit Union pays the premium for End of Watch coverage upon the funding of a new loan of  $10,000 or more.

For inquiries related to the End of Watch Debt Forgiveness Benefit, please look for the "We're here to help" section below.

The Police Credit Union provides the End of Watch Debt Forgiveness Benefit through a partnership with AmTrust Specialty Risk.