Insurance 101
Discover the important role your lender plays in managing insurance funds.
Insurance Claims? We’re Here to Help.
When the unexpected happens, we're here to help you navigate the repair process, understand your options, and take the next steps with confidence.
Start your insurance claim
Contact your insurance company and file a claim. An adjuster will inspect the damage and determine what’s covered.
Keep your lender in the loop
As your lender, let us know about the damage. We’ll help you get your insurance claim check funds as soon as possible.
Review your insurance payment
Smaller claims may be paid directly to you. Larger claims may be payable to both you and your lender.
Gather your repair team
Share estimates, contracts, licensing information, and inspection updates as needed.
Bring your home back to life
Complete repairs and save receipts, invoices, and photos documenting the work.
Celebrate the finish line
After final inspections, remaining funds may be released and you can enjoy your restored home.
Have an insurance update?
Making changes to your homeowners insurance? Let us know if you update your coverage, premium, or insurance provider so we can keep your mortgage records current. Simply send any new insurance documents to our Mortgage Servicing team. We're here to help if you have questions.
Have questions? We're here to help!
Disclosures
Insurance is generally required under the terms of a mortgage. Refer to your mortgage to understand your obligations. For questions and concerns regarding your insurance, contact your insurance provider. Members Cooperative Credit Union is not an insurance carrier and does not provide insurance advice.
Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.
Rates
Checking account rates
| Account | Minimum balance | APY |
|---|---|---|
| Checking | $2,500.00 | 0.01 |
Open Account
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