Just when you need it most! The Christmas season is fast approaching, and we could all use a little break. If a few extra bucks for the holidays would come in handy, we'd like to help.
If you have an outstanding loan with Lake County Educational FCU, you are entitled to skip a payment (excluding home equity, mortgage, Visa, and overdraft loans). You must be current on your loan(s) to qualify.
If you have more than one loan with us, you can skip a payment for each. Just select the month you want to skip – either November or December – and we'll take care of the rest. If your payment is made through payroll deduction, it will be deposited into your credit union account. If we deduct your monthly payment through ACH from an account elsewhere, you’ll need to give us a 5-day notice, so we can halt the withdrawal in time.
There is a $40 processing fee per loan to take advantage of this offer. You don't need to send money if you would like for us to simply deduct the fee from your credit union account. Please ensure that the funds are available in your account, and be sure to indicate which month you would like to skip. Interest will continue to accumulate on your loan during the month you skip your payment. If your loan is delinquent at the time you wish to skip your payment, we will be unable to process your request.
Take advantage of this special opportunity to have some extra cash on hand for the holidays.