Maximize Loan Skips with Time-Saving Automation
Loan payment skips are traditionally an under-utilized “seasonal” service for credit unions. With the Cubus Skip-A-Pay loan skip software, everybody wins, everybody benefits. The loan skip payment process is automated, which reduces a 15 to 45-minute process to a fast and easy three-step approach.
It’s as Easy as 1-2-3 for Members
- Members select the loan they would like to skip, agree to the terms and pay the fee.
- Members and loans are pre-qualified in your system reducing hours of manual work.
- Payment due dates are advanced. The automated payment is updated, the loan’s maturity date is extended, and the fee is charged.
- Saves a trip to the branch while making the request anonymously from any online device.
- Get faster payment relief.
Credit Unions Win:
- Credit unions potentially save hundreds of staff hours with our loan skip software while enjoying a new source of non-interest revenue.
- Skip-A-Pay is a customizable program that easily integrates with your core banking system while giving you a cost-effective way to maximize and streamline loan skips.
“We are always pressured to do more with less. With Skip-A-Pay loan skip software, we now offer our members the convenience of taking a payment holiday on their terms in seconds which frees up our staff time to better serve our members. It has been a win for Securityplus and a win for our members.”
Maynard Hurd, AVP of Lending, Securityplus Federal Credit Union