Loan Payments are like transmissions: they can be manual or automatic
Manual payments are the ones you have to remember to handle every month. Why not set your loan payments to automatically come out of an account of your choosing and go toward a loan payment? Once it’s set up, you don’t have to worry about it again. You can do this several ways:
- Set it up yourself through e-Branch (under Account Access tab, look for “scheduled transfers.”) This will give you full control, allowing you to make changes whenever you like – and it’s free.
- Set up an internal transfer. This is a free solution if your loan and the account the money is coming out of are both here at Members Community Credit Union. Call us to get this set up at no cost.
- Set up an ACH Origination. This is an ongoing automatic transfer of money from one financial institution to another. If this is something you’d like to do, please call us and we’ll get it set up or call your other financial institution and ask them to set it up. Most institutions impose a fee to set this up – we do not. What can we say, we rock. This would be a good time to remind you that you can have both a great loan and a great checking account here with us and not mess with this at all.