Free Payment Guard Insurance for PD Quick Cash Is Automatically Included with Every Loan
Losing a job unexpectedly is one of the most stressful financial events a person can face. Research shows that more than one-third of households could not cover expenses for more than a month after a job loss, even after tapping savings, borrowing money, or asking family for help. Nearly a quarter of Americans struggle to pay monthly bills even with a stable income. People Driven Credit Union built PD Quick Cash to help members bridge short-term financial gaps. Now every PD Quick Cash loan comes with an additional layer of protection built in at no extra cost.
What Is Payment Guard Insurance?
Payment Guard Insurance is a first-of-its-kind coverage that protects your PD Quick Cash loan balance in the event of a covered job loss. PDCU has partnered with QCash and TruStage to bring this coverage to every PD Quick Cash borrower automatically. You do not need to apply for it, pay for it, or remember to add it. It is included from the moment your loan is funded.
If you experience a covered job loss, Payment Guard provides a lump sum payment of $500 applied directly toward your outstanding loan balance. If your remaining balance is less than $500 at the time of the claim, you may still receive a payout to help offset the financial impact of unexpected unemployment.
How Payment Guard Insurance Works
Automatic insurance for pd quick cash
Payment Guard Insurance automatically covers all PD Quick Cash loans funded after September 1, 2024. There is no enrollment process and no additional cost. The moment your loan is funded, your coverage is active.
Certificate of Insurance
Once your PD Quick Cash loan is funded, you will receive a Certificate of Insurance detailing your Payment Guard coverage. Keep this document so you know exactly what your coverage includes and how to file a claim if you need to.
Filing a Claim
If you experience a covered job loss, you can file a claim directly through TruStage’s online claims portal, which is available around the clock. The process is designed to be straightforward so you can focus on your recovery rather than paperwork.
How the Payout Works
Once your claim is approved, TruStage sends a lump sum of $500 directly to People Driven Credit Union to be applied to your outstanding PD Quick Cash loan balance. If there are excess funds beyond your remaining balance, those are credited to your account to help with additional financial hardship.
Why This Matters for People Driven Credit Union Members
A short-term loan is most valuable when you know you can manage it without added risk. Payment Guard removes a significant source of anxiety for borrowers who are already dealing with a financial crunch. If the unexpected happens and you lose your job while repaying a PD Quick Cash loan, you have a safety net in place that helps protect both your loan and your credit standing.
To learn more about PD Quick Cash and Payment Guard Insurance, visit our PD Quick Cash page or contact our Member Services team.
People Driven Credit Union
24333 Lahser Road, Southfield, MI 48033
844-700-PDCU (7328)
Contact Us
insurance for pd quick cash TruStage™ Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc. CUMIS Specialty Insurance Company, our excess and surplus lines carrier, underwrites coverages that are not available in the admitted market. Product and features may vary and not be available in all states. Certain eligibility requirements, conditions, and exclusions may apply. Please refer to the Group Policy for a full explanation of the terms. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. Corporate Headquarters 5910 Mineral Point Road, Madison, WI 53705. © TruStage
PGI-7028144.1-0924-1026
Ready to Apply for PD Quick Cash?
PD Quick Cash gives eligible PDCU members fast access to funds between $500 and $2,000 with no credit check and insurance for pd quick cash “Payment Guard” included automatically. Here is everything you need to get started.
Apply for PD Quick Cash
Borrow between $500 and $2,000 with no credit check through the MyPDCU app. Available to members in good standing with a minimum of six months of qualifying direct deposit history. Payment Guard Insurance included automatically.
Download the MyPDCU App
PD Quick Cash applications are submitted directly through the MyPDCU app. Download it free from the App Store or Google Play and apply in minutes from your phone.
Not a Member Yet?
PD Quick Cash and Payment Guard Insurance are exclusive to PDCU members. Anyone who lives, works, worships, or attends school in Michigan can join. Membership starts with a $5 deposit and takes just minutes to set up.
PD Quick Cash available to eligible PDCU members in good standing with a minimum of 180 days of membership and qualifying direct deposit history. Loan amounts from $500 to $2,000. Approval not guaranteed and subject to eligibility requirements. TruStage™ Payment Guard Insurance is underwritten by CUMIS Specialty Insurance Company, Inc. The insurance offered is not a deposit and is not federally insured, sold or guaranteed by any financial institution. Certain eligibility requirements, conditions, and exclusions may apply. Federally insured by the NCUA. NMLS #776727. insurance for pd quick cash
