Christmas is a wonderful time of year, with gifts, food, family, and friends. Let Energize Credit Union’s (ECU) Christmas loan and payment skips help you create memories that will last a lifetime.
ECU’s Christmas loans come with an interest rate as low as 9% for 12 months with a maximum loan amount of $1,000. We will start accepting applications for Christmas loans on October 1st, and the application period will conclude at the end of the year.
If you have other ECU loans you can pair payment skips with your Christmas loan to give you more freedom during the holiday season. There is a $20 fee per skip, and you are eligible to skip two payments in a twelve-month period. The two payment skips just cannot be in consecutive months.
How payment skips work
Your payroll deduction for Energize will not change. The amount you always have deducted for your loan payment will still be deducted from your paycheck. Once we receive and process the funds (typically by the 10th of the following month) you will be able to access the funds in your share account. You can do this by using your debit card to make purchases or withdraw the funds at a fee free ATM. If you prefer, we can also issue you a check.
If you are interested in learning more about our Christmas loans or payment skips speak with your local credit union director or contact Energize directly at 405-478-0046 or email@example.com.