Skip-a-Payment

If you are a 1st Community FCU member facing financial difficulties because of the current public health crisis, the downturn in the oilfield business, or any other unexpected negative event, we have several ways we may be able to help.
Contact the Credit Union to discuss your options. 325/653-1465 800/749-1465
 

Some of your options include:

Skip a Payment on most consumer loans – We are temporarily waiving all $10 Skip-a-Payment fees regardless of how they are processed. We are also expanding on some of the options normally not available with Skip-a-Payments. If you only need to skip one month of payments on most types of loans, you can check your account online to see if that option can be automatically processed online. For all other Skip-a-Payment requests, please contact a 1CFCU loan officer for other options.

  • Online – look for the green circle with the letters SP in the Regular Payment section under your Accounts Summary.
  • On our App – look for the blue square icon with the letters SP

    Skip-a-Payment on Credit Cards – qualified member credit card statements will not show a payment due for April and May of this year. You can choose not to make a payment for these two months and no further action will need to be taken. There is no fee for this service. If your statement does not show the option to skip these two months of payments, please contact a 1CFCU loan officer for other options.

    SBA Loans – SBA’s Paycheck Protection Program (PPP) Loans – The credit union is processing PPP loan applications for its members on a first come first served basis until funding runs out. Generally, small businesses, less than 500 people, self-employed, sole proprietorships and independent contractors are eligible. In certain industries business larger than 500 employees are eligible. For more information about the program contact the SBA at www.sba.gov or email us at ppp@1cfcu.org and we will send you additional information.

    Other Helpful Info during these difficult times:
    Stimulus Payments – 1CFCU is posting Stimulus Check deposits to member’s accounts as soon as they are available. We are not waiting to post them until the actual later due date.
    Refinance Auto Loans – contact a 1CFCU loan officer to see if we can save you money on an auto loan you have financed elsewhere at a higher interest rate.
    1CFCU Insurance Services – contact Brandon Willman (325/224-3657) or Chris Gomos (325/224-3622) to see if they can save you money on your Home, Auto, Life or Commercial Insurance.