Personal Finance Manager

 

Demo | More InformationRegister

Personal Finance Manager

 

Demo | More InformationRegister

Skip-A-Pay

UCU’s popular no-fee Skip-A-Pay Program is now offered year-round!

Skip (defer) a payment on your UCU consumer loan and give yourself a breather!

Click here to view, sign and complete the Authorization Form and view full details of the program.
You may also print and:

  • Drop the completed Authorization Form off at any of our branch locations. Click here to view a list of our branch locations.
  • Mail the completed Authorization Form to:
                  University Credit Union
                  ATTN: Loan Operations
                  15 Main Street
                  Orono, ME 04473
  • Or fax the completed Authorization Form to (207) 889-8508.

 

*UCU’s Skip-a-Payment Program (“the program”) allows its members to “skip” or “defer” one regularly scheduled monthly payment for each eligible loan per 12 month cycle. There is no fee to participate in the program.  Existing finance charges will continue to accrue on a daily basis. All UCU Deposit Accounts must have a positive balance and all ODP balances must not be over 30 days outstanding to be eligible for the program. Eligible Loans: Eligible loan types to include auto, recreational vehicle (RV), personal RV, motorcycle, boat, share secured, signature, computer, home improvement, energy assistance and overdraft protection lines of credit. All outstanding (both eligible and ineligible) UCU loans must be current in order for any one loan to be eligible for the program. New outstanding consumer loans must have received a minimum of two monthly payments to be eligible for the program. All requests must be received by UCU a minimum of five business days prior to the loan due date. Ineligible Loans: Ineligible loan types include business loans, real estate secured loans (1st mortgages, home equity loans and lines of credit), student loans, single payment loans, credit cards and certificate secured loans. Eligible loan types that have received a loan extension/restructure within the past twelve (12) months from the UCU Member Resolutions Department are ineligible for the program. If the original loan balance is $1,400.00 or less, then by skipping a payment the full term of the loan may not exceed 24 months. Should this condition exist the loan is ineligible for the program.  Other Considerations: GAP Coverage: Eligible loans protected with GAP coverage that participate in the program may be affected by a reduction in any future GAP claim if more than two monthly payments are skipped during the life of the loan. Non-Monthly Payment Schedules: Eligible loans with non-monthly payment schedules will receive the monthly equivalent adjustment (e.g. Weekly payment frequencies will be skipped four (4) payment cycles, bi-weekly payments will be skipped two (2) payment cycles.