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News Now

CU System
Palisades FCU offers summer skip payment program
PEARL RIVER, N.Y. (8/10/10)--Palisades FCU (PFCU) announced it is again offering its “Skip-A-Pay” program, in which members can skip their summer loan payments. The program debuted in 2008. Members who have PFCU loans and are in good standing can “opt-in” to skip up to two months of their loan payments. The designated months are August and September. Members have the choice to skip both months, one month or none (PR Newswire Aug. 4). “Not only are we helping our members, but we also are helping to stimulate the still- unstable economy,” said Palisades Chief Operating Officer Sean Jelen. “By allowing members to skip loan payments, we give them the ability to spend money during a time when they might not have been able to.” The program does not charge a fee. “We wouldn’t want to reduce the impact by adding a fee in order to skip,” Jelen said. “We enjoy being able to give our members a break on their payments. They deserve it.”


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