Debt Protection
Debt Protection
Financial protection for you and your loved ones.
Your family means everything to you. And if the unexpected happens, you don’t want an emotionally
trying situation to be compounded by financial worry. That’s why there’s Debt Protection*, which may cancel your loan balance or payments in case of involuntary unemployment, covered disability or injury occurs, or if death occurs, where the protected borrower passes away. Simple eligibility requirements ease the enrollment process.
How does it work?
If a protected life event happens to you (and you’re a protected borrower or co-borrower on the loan), SESLOC debt protection will cancel or reduce repayment of your loan debt. Protected events can include:
- Loss of life, including those caused by acts of war
- Disability, including those caused by acts of war
- Involuntary unemployment
Why should I enroll?
- It’s easy: Simple to apply for, and takes effect immediately.
- It’s budget-friendly: Comfortably fits into your monthly payment.
- It puts you at ease: Rest easy, knowing you’re taken care of in so many problem situations
Debt Protection helps to ease your worries during a time when your income may be reduced or lost. Protect your loan…because Life Happens. Ask a SESLOC Member Service Representative to provide complete details.
Less than 10% of disabling accidents and illnesses are work related. The other 90% are not, meaning Workers’ Compensation doesn’t cover them (Council for Disability Awareness, Long-Term Disability Claims Review, 2010).
*Terms and conditions apply. Debt Protection is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative or refer to the contract for a full explanation of the terms. You will receive the contract before you are required to pay for Debt Protection. You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid. CARMA# DPM005 DP-3414609.3-1123-1225
Have questions?
Visit any branch or call us at (805) 543-1816.
PEOPLE ARE MORE IMPORTANT THAN PROFITS
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SESLOC News
From the News+ Blog
From Your CEO: Committed to returning value by the philosophy of “People Helping People.” – Spring 2026
We’re committed to returning value to you by living the credit union philosophy of “People Helping People.”
Short-Term, Smart Returns: 3 Month Business Share Certificates Now Available
Starting April 1, 2026, SESLOC is adding a 3-month short-term option for Business Share Certificates, which provides a reliable way to save without tying up your cash for an extended period. $1,000 minimum deposit is required to open a Business Share Certificate account.
SESLOC Technical Operations Manager Angie Macias Honored on Nacha “15 Under 40” List
SESLOC Technical Operations Manager Angie Macias, AAP, NCP, is recognized as a “15 Under 40” award winner by Nacha, the governing body of the United States’ ACH payments network.
Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.
