CREDIT UNION SERVICE CENTER NETWORK - NUMERICA CU

A credit union is a member owned not-for-profit financial institution that provides members with a place to save money, get reasonable rates on loans, and receive a level of service not available at other financial institutions. They serve groups with a common feature, such as employee groups, geographical communities or religious backgrounds.

What is Term Life?

Term life insurance is designed to provide you with protection for a specified period of time, typically one, five, ten or twenty years. For instance, term insurance can ensure that your family will be able to pay off the mortgage, pay ongoing living expenses, or fund college education costs if you die prematurely while you still have outstanding debts or while your children are young.

Term life can provide either a level or decreasing death benefit. A level death benefit stays the same throughout the policy period. A decreasing death benefit, commonly used to insure a declining debt such as a mortgage, decreases as illustrated in the insurance contract, typically annually.

A Choice of Term Policies

There are many term life insurance options available through Numerica Financial Services, including several MEMBERS Term Insurance plans.

In 2009, economic triggers lined up perfectly hitting everything and everybody at the same time. Unemployment, loan losses, investment losses (our corporate credit union write-down), and unusual expenses attached to the National Credit Union Share Insurance Fund created very difficult times for all credit unions. In spite of the issues surrounding the economy, Numerica ended the year with a positive bottom line. We remained a safe and secure place for your hard-earned savings.

Providing quality service and value to our members is a philosophy that Numerica's employees and Board of Directors have maintained. Our membership is the cornerstone of Numerica's success, and has remained uppermost in our minds while dealing with the challenges of 2009. I feel that as an organization, we successfully dealt with the issues because everyone pulled together for the good of the credit union.