Important Information Regarding Your Loan Due Dates
The Federal Reserve Board recently approved a new regulation that requires lenders to send statements for open-end loans at least 21 days before a payment is due. This affects most People's Community Credit Union loans; including the majority of our auto and signature loans, as well as our lines of credit.
What this means for you is that your loan payment due date will now be the last day of the month starting with your September payment. You can either continue to make your payment on the originally scheduled due date, or simply pay it by the end of each month.
This change will not impact your fixed-rate, first or second mortgage, for which the due date will remain the same.
- If you already use a loan payment coupon book, continue to use your existing coupons to make your loan payments. There is no need to request new loan payment coupons.
- If your loan payments are transferred automatically from savings or checking, or from another financial institution, the current transfer date will remain the same.
We hope that this new due date will simplify your life by making it easier for you to remember when your loan payment is due. If there is any way we can assist you, please call a Member Service Representative 24/7 at 360-695-5121 or 1-800-252-6525 or visit your nearest PCCU Branch.