Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
CUTEK Skip-a-Pay helps members weather economy
MURRIETA, Calif. (1/26/12)--Financial technology services provider and consultant CUTEK Inc. has introduced a custom interface for skip-a-pay transactions. 

CUTEK's interface displays all eligible member loans and warnings on their account to show if the member qualifies for skip-a-pay. Members who qualify can click on the loan(s) they would like to skip for a particular month and hit "process." Skip-a-Pay looks at each loan "skipped" and recalculates the date when the next payment is due.

CUTEK's Skip-a-Pay also allows credit unions to track member skips throughout the year, whether they were once a year or every six months. The credit union can create a "skip report" for its records and the member.

"Obviously, this service is really popular for the holidays and summer vacations," says CUTEK President Ron Murray. "But we have found that it has been used more and more since the economy has had its challenges, allowing members who may be in a bind to free up cash once or twice a year to use for extra spending money."


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
17 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
17 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
19 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
19 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
22 hours ago