ATTENTION ONLINE CREDIT UNIONS
Tuesday, November 9
11:00 AM – 11:30 AM PT
This Month’s Focus
The Skip-a-Payment toolset automates most of the manual processing done by credit unions for member-elected skip-pay programs. Many credit unions offer this type of program and the manual steps can be very time consuming.
In a nutshell, the member-elected skip-pay program works as follows: the credit union configures a program and advertises that it is available for a certain period (i.e. December for Christmas). The member then opts in and agrees to pay a fee for the privilege of skipping a payment. Members can be enrolled via CU*BASE or can opt in themselves using It’s Me 247 (if selected by the credit union).
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