The CU*BASE Skip-a-Pay program for consumer loans automates most of the manual processing done by credit unions for member elected consumer-loan skip-pay programs.
Your credit union will configure a program and advertise that it is available for a certain period. Then the member opts in and agrees to pay a fee for the privilege of skipping a payment. Members can be enrolled via CU*BASE or opt in themselves using It’s Me 247 (if configured by your credit union).
You will use Tool # 820: Skip-a-Payment Program Configuration to create your Skip-a-Pay program and define your program parameters. Tool # 821: Skip-a-Payment Program Member Opt-In will be used to enroll a member in a qualified program.
Please contact the Client Experience Team so they can further assist you with this option.
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