Back-to-School Skip-A-Pay
As the new academic year approaches, if you are wondering how to manage the budget while doing all the necessary school supply shopping, St. Cloud Financial Credit Union is here for you!
During the months of August and September, you can skip a monthly payment on one or more of your credit union loans during our Skip-A-Pay promotion.
To do so, all you have to do is log into your online banking and follow these steps:
In the navigation bar on desktop, click “Transfer & Bill Pay.” On mobile devices, click “More” and click “Transfer & Bill Pay”
Click “Skip a Pay".”
Fill out the request form
For each loan payment skipped over August and September, $15 of the $45 processing fee will be donated to a local charity. If you have any questions, visit your local SCFCU branch or call us at 320-252-2634.
Eligibility Requirements: You must be a member in good standing. Your loan must not have had any late payments in the last 12 months. A maximum of six payments can be skipped during the life of the loan, with no more than two per calendar year. If you want to skip one month’s payment, the loan must have at least six months of payments made. If you want to skip two monthly payments on a loan, the loan must have at least 12 months of payments made. Interest will continue to accrue on the outstanding balance of your loan(s) until paid in full. Skipping a payment may increase the number of remaining loan payments. 1st Mortgage Products, 2nd Mortgage Products, HELOC Products, Business Loan Products, Commercial/SBA Products, AFG Products, Extra Mile Products and Credit Cards are excluded from this offer.