Skip a Pay Case Study – CU4Kids

Credit unions across the nation offer members the opportunity to “skip” their loan payment for a nominal processing fee. Some offer the program during holidays and summer vacation months, others offer the program as an option year-round to combat unexpected hardships that members face. Instead of having to cut corners to make a monthly payment on their loans, members can skip a payment for a month and use those funds for other things!

Did you know that your credit union can use a Skip-a-Pay program not only to help your members but also your local Children’s Miracle Network Hospital? In 2017, 25 credit unions included a fundraising component with their Skip-A-Pay program, raising over $150,000 for local CMN Hospitals! They simply donated all or a portion of the processing fee.

To learn about the success credit unions have had with this campaign, click this link: Skip a Pay Case Study.

To learn more about the campaign and to view resources, click here.

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