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St. Thomas Credit Union encourages members to make responsible financial decisions, but we also know there are times in life when it can be a challenge to make your monthly loan payment. Whether this reason is a sudden emergency, or as we get into the holidays, a need to purchase gifts for your loved ones, STCU has started a Skip-a-Pay program to make these troubling times easier on you.
With the STCU Skip-a-Pay program, you can skip one monthly, or two bi-weekly payments, once every twelve rolling months on a qualifying loan*. If you have more than one qualifying loan, you may submit a request to skip-a-pay on each loan.
When you skip a payment, your loan term will be extended by one month. This can increase the total interest you pay over the life of the loan. Interest will continue to accrue on your unpaid balance on a daily basis resulting in a greater amount of your next scheduled payment to be applied toward interest. By skipping a payment(s) the benefit from disability, life, and/or Guaranteed Asset Protection (GAP) may be reduced by the amount of the payment skipped.
To skip your payment you should complete the Skip-a-Payment Agreement. This form must be returned to us at least five (5) days before your payment is due, but no more than thirty (30) days prior to the due date. Please note that the borrower and the co-borrower or guarantor (if applicable) MUST sign the form. The processing fee for the Skip-a-Pay is $35.00. This fee must be paid before any modification to the loan will be made. A fee must be paid for each loan that you are applying to skip a payment on. If the Skip-a-Pay request is not approved, the $35 fee will be refunded to you. Please read the form carefully before returning it, as it will explain any other important information you will need to know.
Loans not eligible
Pocket to Pocket
STCU's new person-to-person mobile money transfer service. Faster, easier and more secure than cash, checks or online bank transfers.
Faster - real time EFT network transmission; no more waiting for the transaction to clear
Reliable- good funds model, unlike ACH based services
Easy Send - no physical cash or checks, and no new passwords to remember
Easy Deposit - near real-time deposit; no need for branch visits or waiting 3-5 days
Easy Receipt - Acceptance via mobile device or web based payment
Highly Secure - Trusted user interface and patented scrambled PIN pad technology
Simple - no pre-registration
Member Referral Program OFFICIAL RULES
Participation in the "Member Referral Program" constitues your understanding and acceptance of these Official Rules.
1. You - Refer a friend or relative to STCU.
2. Friend - Your friend joins STCU with a checking account.* Yay! You receive $25 for each friend that joins.
3. Your friend gets a loan of Visa credit card. ** Yay! You receive an additional $25 for each.
*Checking account must be Direct Deposit of $200 or more per month.
** Loan or Visa must be for $5,000 or more.
Potential member must meet credit guidelines. See additional rules below.
1. Eligibility at the time of Membership application
A. Referring and Referred Member must:
1. Be a member in good standing with the credit union at the time of referral (account cannot be overdrawn, etc.)
2. Be at least 18 years old at the time of referral.
3. Not be a St. Thomas Credit Union employee or Board Member.
B. Referred Member must:
1. Apply for and be accepted for St. Thomas Credit Union membership.
2. Open a new St. Thomas Credit Union checking account with a direct deposit of at least $200 per month or open a loan or Visa of at least $5,000.
3. Be a new member and cannot have been a St. Thomas Credit Union member in the last twelve months.
4. Be a primary member and not a joint member on an account.
5. Retain the new membership and checking accounts open and active for at least 90 days.
A. For each qualifying Member Referral, the Referring Member will receive a $25 "Thank You Bonus" and the new Referred Member will receive a $25 "Welcome Bonus".
B. "Thank You Bonus" will be posted to the Referring Member's savings account within three business days of the completion of the new accounts opening process.
C. "Welcome Bonus" will be posted to the new Referred Member's savings account within three business days of completion of the new account opening process and the direct deposit of at least $200 into the new checking account.
D. For a loan or Visa of at least $5,000, at time of membership application, the Referring Member will receive a $25 "Thank You Bonus" and the Referred Member will receive a $25 "Welcome Bonus" into their savings account.
E. If the new account is closed early, the "Welcome Bonus" may be reversed.
3. Exclusions and Restrictions
A. All new accounts are subject to St. Thomas Credit Union's Membership Agreement terms and conditions.
B. St. Thomas Credit Union reserves the right to cancel or amend the terms of the Member Referral Program at any time and without notice.
St. Thomas Credit Union is Federally Insured by the NCUA and is an Equal Housing Opportunity Lender. NMLS#1008219