Media City Credit Union has helped members skip payment while on vacation.
Media City Credit Union, a local financial co-op that donates earnings to member-owners, once again offered a Skip-a-Payment loan this past holiday season, which has been a fan favorite every year. During the past holiday season, the credit union helped 48 members with over $ 21,000 in missed payments.
Most Media City Credit Union loans come with the Skip-a-Payment option. As long as a loan account remains in good standing, it is possible to skip a payment for a small fee.
This option is a perfect opportunity to get a little extra cash while on vacation or after the vacation season bills start rolling in.
Skip-a-Payment is available on these loans:
- Auto loans
- RV loans
- Big toy loans
- Signature Loans
It is not available for credit cards or home loans. Only one payment per loan per year can be skipped. Excluding loans open for less than 6 months.
* A $ 35 processing fee will apply. Media City Credit Union (MCCU) will defer payments on each approved loan. Interest will continue to accrue on overdue balances and may result in higher total finance charges. It may be necessary to make additional payments after the loan has been repaid. If you miss payments, you will extend the term of your loan. All accounts with MCCU must be current and in good standing. All skip payments (deferrals) are subject to final approval by MCCU. MCCU reserves the right to end this offer if financial circumstances change prior to credit union approval. It is necessary to resume a regular payment schedule after the “skipped” month. For members who have guaranteed asset protection (GAP), claim coverage does not extend to the amount of the deferred payment (s). In addition, coverage will not be extended beyond the original maturity date. All requests must reach us five (5) days before the expected due date of your payment. Skip payment is not available on Visa or real estate loans.
About Media City Credit Union
Media City Credit Union has served its members since 1936, when it was founded by
employees of Helms Bakeries. A credit union is like a bank, only better. Media City offers checks, savings, credit cards, and loans, but the benefits flow back to members in the form of lower fees, higher savings rates, and lower loan rates. Media City CU is a financial cooperative, giving back to its member-owners.
The credit union provides free access to 75,000 ATMs worldwide and provides online account access. If you live, work, worship, or go to school anywhere in Burbank, or have a parent who is already a member, you can become a member as well. As soon as you join, your family members also become eligible. Media City CU has partnered with the ChangeWorks Foundation and by donating a minimum of $ 25 to this wonderful cause (Media City is the $ 25 donation) you also become eligible for membership. New members have immediate access to all services, including loans.