THE CITY OF BRIDGETOWN (COB) Co-operative Credit Union Limited has relaunched its consumer loan and mortgage protection insurance to cushion the blow of financial stress that may arise due to unforeseen circumstances.

Through its strategic partner, Guardian Life, the insurance will be offered to credit union customers at a competitive price.

The previous arrangement by another company had been suspended more than a year ago, due to their operational demands.

Speaking during the launch of the new product at the credit union's Lower Broad Street, Bridgetown office last week, chief executive officer Steve Belle said the initiative represented COB's continued thrust not only to protect members' interests, but to ensure their life achievements were not wiped out at the first sign of misfortune.

"COB has sought to offer an element of protection for those members who have mortgages and consumer loans and in the case of any eventuality, family and relatives would be spared the onerous burden of repaying a debt left by a loved one," he stressed.

Guardian Life's manager, life and employment benefits, Winfield King, said they were pleased to work with COB on the initiative. (JW)