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St. Thomas Credit Union encourages members to make responsible financial decisions, but we also know there are times in life when it can be a challenge to make your monthly loan payment. Whether this reason is a sudden emergency, or as we get into the holidays, a need to purchase gifts for your loved ones, STCU has started a Skip-a-Pay program to make these troubling times easier on you.
With the STCU Skip-a-Pay program, you can skip one monthly, or two bi-weekly payments, once every twelve rolling months on a qualifying loan*. If you have more than one qualifying loan, you may submit a request to skip-a-pay on each loan.
When you skip a payment, your loan term will be extended by one month. This can increase the total interest you pay over the life of the loan. Interest will continue to accrue on your unpaid balance on a daily basis resulting in a greater amount of your next scheduled payment to be applied toward interest. By skipping a payment(s) the benefit from disability, life, and/or Guaranteed Asset Protection (GAP) may be reduced by the amount of the payment skipped.
To skip your payment you should complete the Skip-a-Payment Agreement. This form must be returned to us at least five (5) days before your payment is due, but no more than thirty (30) days prior to the due date. Please note that the borrower and the co-borrower or guarantor (if applicable) MUST sign the form. The processing fee for the Skip-a-Pay is $35.00. This fee must be paid before any modification to the loan will be made. A fee must be paid for each loan that you are applying to skip a payment on. If the Skip-a-Pay request is not approved, the $35 fee will be refunded to you. Please read the form carefully before returning it, as it will explain any other important information you will need to know.
Loans not eligible
Pocket to Pocket
STCU's new person-to-person mobile money transfer service. Faster, easier and more secure than cash, checks or online bank transfers.
Faster - real time EFT network transmission; no more waiting for the transaction to clear
Reliable- good funds model, unlike ACH based services
Easy Send - no physical cash or checks, and no new passwords to remember
Easy Deposit - near real-time deposit; no need for branch visits or waiting 3-5 days
Easy Receipt - Acceptance via mobile device or web based payment
Highly Secure - Trusted user interface and patented scrambled PIN pad technology
Simple - no pre-registration
Christmas Club Funds for 2016
Change in disbursement date
Funds will be disbursed Friday, November 4, 2016
2016 Christmas club funds will be disbursed a little later this year. Due to many comments that were made last year about how early we disburse the Christmas Club funds, the Board of Directors has voted to delay the disbursement date until November this year. Going forward, the club funds will be disbursed the first week in November. We understand that some people may use this account for "Fall break" vacations, and we apologize for not giving more substantial notice. If you have made these types of plans, please let us know and we will allow early withdrawal of the Christmas Club funds (THIS YEAR ONLY) at no penalty. For those that leave their club funds in the account the full length, you will have a little extra money this year, since the extension of the disbursement date will allow a few more deposits. We apologize for any confusion this may cause. Please keep in mind:
We apologize for any inconvenience this may cause. Please call us at (615) 292-7828 with any questions you may have.