During these unprecedented times, CUTEK is doing everything we can to assist our valued partners, from offering remote programming services and bundling a few of our products to create a COVID-19 Member Aid Package at a significantly discounted price.
The COVID-19 Member Aid Package includes:
- Loan Modifications - which allows your staff to offer your members lower loan rates on existing loans.
- Skip A Pay - to allow your members to skip one or multiple payments.
- Batch Skip A Pay Program - which allows you to advance payment to provide relief to all members who have a loan (this can be based on your criteria)
- Delinquency Forgiveness - Instead of skipping everyones loan payments, whether they are able to pay or not, this will allow you to target those members in financial crisis due to the COVID-19 Pandemic
- ATM Foreign Fee Reversal program
MemberAid Product Information Sheet
Whitepaper: COVID-19 Implications for Credit Unions