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Skip A Paymentι
New Numbers at Downtown Office
Auto Promotionι
Important Information About the Hassle-Free Loan
Skip A Payment
*HASSLE-FREE, (PROMO, BACK TO SCHOOL & CHRISTMAS
LOANS), MORTGAGE, HELOC, SHARE & CERTIFICATE
SECURED AND LINES OF CREDIT ARE NOT ELIGIBLE FOR
THE SKIP-A-PAYMENT PROGRAM*
See Jeff, Dawn, and Sonya
at Sycamore View or Angie, and Donna Downtown to get
started!
For the member to qualify:
- Must be a Credit Union member for 1 year prior to request
- Cannot have a negative balance in any share or draft account that they are primary or joint on
The loan(s) that the member is applying for the skip must meet the following criteria:
- Has been open for 6 months
- Is NOT past due
- Is not in an active bankruptcy
- There have been 6 full monthly payments and 6 months between Skip A Payment requests.
- Has not had more than 3 Skip A Pays in the past 12 months.
There is a $35.00 processing fee per loan that is due immediately upon
qualification of the skip a payment program.
INTEREST WILL CONTINUE TO ACCUMULATE ON YOUR LOAN DURING THE MONTH(S) YOU SKIP YOUR PAYMENT. PAYMENTS MADE THROUGH PAYROLL DEDUCTION OR AUTOMATIC TRANSFER
WILL BE PUT INTO YOUR SAVINGS/CHECKING ACCOUNT DURING THE MONTH(S) THAT YOU SKIP. YOU CAN NOT HAVE HAD AN EXTENSION OR SKIP A PAYMENT DONE IN THE LAST 6 MONTHS. IF YOU
ARE SKIPPING MULTIPLE LOANS, YOU MUST PAY THE PROCESSING FEE FOR EACH LOAN THAT A PAYMENT IS BEING SKIPPED. SKIP A PAYMENT PROGRAM CANNOT BE USED ON PARTIAL MONTHS.
The Number for the Downtown Office Has Changed
The new phone number for the Downtown office has changed to 901-222-1900. The number for the automated system (round-the-cloc)
has changed to 901-222-1921. The fax number for the Downtown Office has changed
to 901-222-1918.
The numbers at the Sycamore View location have NOT changed.
Auto Promotion
OUR RATES ARE FALLING THIS WINTER
Now through February 29, 2012 the Shelby County Federal Credit Union is Offering 2.5% on new auto loans
and 3.5% on used
auto loans.
Minimum amount financed for new auto is $20,000.
Minimum amount financed for used auto is $15,000.
Minimum loan term of 48 months.
Loan Subject to credit union loan policies.
Call or visit the credit union for details. 901-222-1900 or 901-377-8929.
Important Information About the Hassle-Free Loan
The Hassle Free Loan is no longer available for 2011 due to all loan officer appointments being booked.
The loan will be
available again in March 2012. We will start taking applications for March Hassle-Free
loans during the week of February 20, 2012.
Thank you for your continued support of your local credit union.
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Your Savings Federally insured to at least $250,000