LOAN PAYMENTS

Loan Payment Options

  • Internal Transfer

    • Transfer from your Border FCU Account to your loan: One-time or recurring payment
    • Transfer from savings or checking account
    • Instant Payment
    • *Requires Border FCU online banking enrollment and a share draft account to transfer from.

  • External Transfer

    • Set up Automatic Transfers from another financial institution to your loan**
    • Recurring payments
    • Transfer from another financial institution
    • ACH from another financial institution
    • Up to 2 business days to post to your account
    • **Must be set up in person through a Border FCU representative.

  • Pay Online

    • $6.20*/transaction
    • Pay your loan using a debit or credit card of another financial institution
    • One-time or recurring payments
    • Up to 2 business days to post to your account
    • ***You will be required to create an account through LEXOP to access this feature.

SKIP-A-PAYMENT

Free up extra cash with Skip-a-Pay! This program allows you to skip your eligible loan payment to use that money for something you want.

Complete the application online. Please allow one week for processing before your payment is due.

The following loans DO NOT qualify for the skip-a-payment program:

•Loans which have received a payment extension within the last 12 months
•Loans paid ahead more than 90 days.
•Loans with original terms of 12 months or less.
•Loans which were opened/refinanced in the last 12 months
•Lines of Credit, Credit Cards, Home Equity, Unimproved Land Loans
•Loans delinquent more than 30 days once in the last 12 months.

All information must be completed and returned to BFCU two weeks before the loan payment due date. A notice will be mailed within 12 business days if a skip-a-payment request is denied. ALL ELIGIBLE LOANS WILL BE PROCESSED. Certain restrictions may apply.

  • **The interest will continue to accrue on the loan's outstanding balance throughout the deferred payment period.

  • Additional Information: Under the terms and conditions of the GAP waiver, one skip-a-pay is allowed per one-year period.