Killed in the Line of Duty Loan Protection is a waiver addendum to the qualifying loan agreement between the borrower and the Credit Union under which the Credit Union agrees to cancel the amount of the borrower’s eligible loan(s) if the member dies while engaged in work related activities as a Firefighter, Law Enforcement Officer or EMT, whether on- or off-duty, as the result of external force, violence, or disease (including heart attack or stroke occurring during training, or other strenuous activity.)
Killed in the Line of Duty Loan Protection cancels the outstanding loan balance as of the Firefighter’s, Officer’s or EMT’s date of death up to a combined maximum of $850,000 for all of the firefighter’s, officer’s or EMT’s eligible loans with the credit union.
To qualify for Killed in the Line of Duty Loan Protection, the borrower must meet the following criteria:
To qualify for Killed in the Line of Duty Loan Protection, qualifying members must take out a new eligible loan* for $25,000 or greater; or an aggregate of two or more new eligible loans* for $25,000 or greater.
The following is a list of Killed in the Line of Duty Loan Protection program exclusions:
*Eligible Credit Union loans include Mortgages and Home Equity Loans; Auto, RV, Motorcycle and Boat Loans; Signature Loans, Uniform Loans, Tuition Loans, Student Loan Consolidations, and Credit Cards.
**Killed in the Line of Duty Loan Protection is available only for the qualifying member, and the protection may not be purchased outright. This debt cancellation benefit only applies in the case of death. Please see loan addendum upon loan closing for more details.
Starting January 1, 2025,
Akron Fire Police Credit Union
will proudly become
While our name is changing our commitment to serving you remains stronger than ever.
For full details on our name change, click here.
