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For the safety of our members and staff, branch lobbies will be temporarily closed effective March 19. Drive-thru locations will remain open. Click here for more information.

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COVID-19 Emergency Loan Payment Assistance Program

Members Exchange is here for you during this difficult time and we want to help relieve some of the financial burdens you may have. To this end, we are providing Loan Payment Assistance in the form of a FREE Skip-A-Payment to all members, whose loan is currently in good standing*, effective TODAY, March 24, 2020. Take advantage of this payment assistance before the last day of the month.

 

Loans eligible for payment assistance:

 

If you would like to take advantage of this free assistance, please complete the request form below. Once the request has been received and processed, a confirmation email will be sent.
For questions regarding the Emergency Loan Payment Assistance program, please contact 1.800.748.9459.

 

The physical and financial welfare of our members is of the utmost importance to MECU. Pulling together and helping each other when needed will enable us to grow even stronger as a credit union and community.

*Please note, as with any skip a payment processed request: 1) Interest will continue to accrue at the interest rate provided in your original loan agreement, during and after this time; 2) deferring your payment will result in you having to pay more interest than if you made your payment as originally scheduled; 3) the payment deferral will extend the terms of your loan(s), and you will have to make extra payment(s) through that new term date; 4) you will be required to resume your payments the following month; and 5) Skipping a payment and late payment fees may reduce the amount of a Guaranteed Asset Protection (GAP) claim. Please refer to your GAP Policy for complete information. If you elected GAP or Warranty Coverage, the coverage will not be extended beyond the original maturity date. You also understand that any credit life and/or credit disability insurance on your loan will not extend beyond the original maturity date of the loan.