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Tuesday, November 9

11:00 AM – 11:30 AM PT

This Month’s Focus

Skip-a-Pay Feature

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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