Winston-Salem, NC –Members Credit Union (MCU) will offer a Holiday Skip-a-Pay program for the fifth year in a row to their members. The program allows members to extend either their November or December due date on most MCU, non-mortgage related loans, without any fees or penalties by one month. Loans with a line of credit (i.e. Visa Debit and Credit Cards) may only be skipped for the month of December.
“Our ability to offer a loan extension program for five years in a row highlights our credit union’s strong financial condition,”says Jack V. Braswell Jr., MCU President/CEO. “The best part is that we are able to put extra money in our member’s pockets when they need it most.”
In 2011, there were 2,864 loans extended through the Holiday Skip-a-Pay program that accounted for $17,811,183 in member loan obligation. While the 2012 program will conclude in December, loan modifications will continue to be made on a case by case basis.
Members who wish to take advantage of this program should call their local loan officer or the main branch at 800-951-800, ext. 256.