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Catholic Federal Credit Union Financial Fitness Blog

Skip a Payment: A Budget Break From Your Loan Payment

Posted by Bethany Dutcher, VP Marketing on Sep 7, 2017 11:59:00 AM

Q: I'm looking for a way to cut expenses to be able to pay an unexpected bill, so I don’t have to rack up a huge credit card bill. I'm considering skip a payment. What do I need to know?

A: CFCU’s skip a payment program can help give you more cash in your wallet for unexpected bills, car repairs, vacation, etc.        

Skip a payment is a program offered to our members that allow you to skip a monthly qualified loan payment when you need to. There is a processing fee of $35 per loan skipped.

Here are some important points to consider before you decide to skip a payment:

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Topics: loans, budget, payments, skip a pay

IMPORTANT NOTICE REGARDING SAME-DAY ACH PROCESSING

Posted by Tiffany Watkins, VP Risk Management & Compliance on Aug 28, 2017 3:01:39 PM

Same-Day ACH Payments - Effective September 15, 2017

You may have already noticed that ACH credits post to your account at different times during the day - this was Phase 1 of Same Day ACH Rule implemented by the National Automated Clearing House Association (NACHA). Phase 2 will go into effect on Friday, September 15, 2017, allowing ACH debits to clear your account at different times during the day.

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Topics: ACH, payments, electronic payments

Welcome!

We're happy you're here. Our blog gives us another way to communicate with you in a fun, relaxed way. Don't worry; we won't be selling you anything. We just want to share a more personal part of ourselves so you can get to know the lighter side of the credit union. Our goal is to improve your financial well-being, we'll also share helpful financial tips and recommendations covering everything from students loans to retirement planning, and dream vacations to budgeting, many from our own personal experiences. After all, we're still people helping people, as we have been for 60 plus years. Now we just have more ways to reach out and help. 

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