Lansing, Mich. — Auto Body Credit Union is offering members with loans through the CU a two month, no-cost extension of their monthly payments to help them weather the difficult economic times.
“We know that many of our members are feeling the effects of Wall Street's difficulties,” said Margo Kleinfelt, president and CEO of ABCU. “That's why we felt it was important for their credit union to step up and help out.”
Jeff Croff, vice president of marketing, said in a telephone interview that the CU generally offers a “skip a pay” option for a $25 fee at this time of year, but decided that this year members can take advantage of the offer without having to pay the fee.
Mortgages and home equity lines of credit are not included.
Croff said members have been notified of the offer through direct mail and that responses are starting to come in.
ABCU has $143 million in assets and 26,000 members.
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