Some of your options include:
Skip a Payment on most consumer loans – We are temporarily waiving all $10 Skip-a-Payment fees regardless of how they are processed. We are also expanding on some of the options normally not available with Skip-a-Payments. If you only need to skip one month of payments on most types of loans, you can check your account online to see if that option can be automatically processed online. For all other Skip-a-Payment requests, please contact a 1CFCU loan officer for other options.
Skip-a-Payment on Credit Cards – qualified member credit card statements will not show a payment due for April and May of this year. You can choose not to make a payment for these two months and no further action will need to be taken. There is no fee for this service. If your statement does not show the option to skip these two months of payments, please contact a 1CFCU loan officer for other options.
SBA Loans – SBA’s Paycheck Protection Program (PPP) Loans – The credit union is processing PPP loan applications for its members on a first come first served basis until funding runs out. Generally, small businesses, less than 500 people, self-employed, sole proprietorships and independent contractors are eligible. In certain industries business larger than 500 employees are eligible. For more information about the program contact the SBA at www.sba.gov or email us at email@example.com and we will send you additional information.Other Helpful Info during these difficult times: