Need cash? Skip a payment!

Monday, September 25th 12:00 AM

As our way of saying thanks for your valued membership, you have the option to skip a loan payment twice a year! You pick the month. If you have more than one loan with Catholic United Financial Credit Union, you can skip them all*. Use the extra cash for Christmas, to pay off some bills or for a restful vacation in the spring. It’s easy!

 

Sign up through online banking:

  1. Sign in to your account.
  2. Click on the green circle labeled "SP" and follow the easy steps.
  3. You must sign up a minimum of five working days prior to your loan payment due date. 

 

Sign up using the paper form:

  1. Click here to download and print the form.
  2. Fill it out completely.
  3. Mail or fax (651-765-6551) the form to us.
  4. The form must be received in our office a minimum of five working days prior to your loan payment due date.

 

The requirements

  • There is a $25 processing fee for each loan payment skipped.
  • Your loan due date is advanced one month.
  • Interest continues to accrue during the skipped month.
  • You may only skip your loan payment twice in a calendar year.
  • All of your loans and account balances must be current.
  • The loan account must be at least 90 days old.
  • You cannot skip two monthly payments in a row.
  • You must be in good standing with Catholic United Financial Credit Union for the last 80 days.


*This offer does not apply to overdraft loans and home equity/improvement loans.