CUSkip-A-Pay
Provides automation for credit union members and staff to request to skip a payment on certain types of loans.
CUSkip-A-Pay Benefits
CUSkipAPay is a software solution that integrates into a credit union's core banking system to “de-manualize” the deferred payment service on credit cards and other debt instruments. Easily incorporated, CUSkipAPay provides automation for the credit union's members and staff to make an online request from anywhere in the world to skip a payment on certain types of loans and gives credit unions a cost-effective way to expand an existing loan deferral program.
Credit Unions
- Save staff costs through complete automation
- Increase income associated with deferred payment fees
- Control the process with specific criteria qualifying the deferral
- Offer more frequent access to deferrals
Credit Union Members
- Better management of debt
- Financial relief from payment
- Convenience of applying anytime from anywhere
CUSkip-A-Pay Features
CUSkipAPay makes it easy for a credit union to set detailed rules for loan deferral programs and gives members access to debt relief when they need it, from wherever they are.
- Set specific criteria for member qualification
- Automated qualification process
- Automated advancing due date
- Automated payment scheduling
- Automated fee charges
- Qualification of members online