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Credit Life Insurance & Loan Protection:
Local 50 Credit Union provides credit life insurance on all accounts at no charge to the member. Maximum benefit on a savings account is $4,000.00. Your benefit on your savings is determined on your age at the time of deposit and your balance at time of death. Loans up to the amount of $40,000.00 that are obtained before the age of 70 are paid in full upon death. Again, this is a service provided to you, the member, at no charge.
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