Park Community Credit Union - Hardship Loan

Lending a hand.

Hardship Loan | We are here to help.

Strange times are upon us. With our new Hardship Loan, it will allow members to borrow up to $5,000 for up to 36 months at 3.0% APR*. The funds will help you lead your life with a sense of normalcy – buy food for you and your family, get your car from A-to-B, or even pay some bills. Best part? Your first payment isn’t due for 90 days! Please apply by phone. Call 502.968.3681 and ask to speak with a member of Consumer Lending.

*For a $5,000 loan for a term of 36 months with a 3.00% APR, the monthly payment will be $145.41 or $29.08 per $1,000 borrowed. Interest will continue to accrue during the 90 day no payment period.

Skip a payment | Sometimes you just need a break, or two.

Life happens. We get it. Unexpected expenses, or even unexpected opportunities, can create the need to redistribute funds so to speak. At Park Community, you get the peace of mind knowing that when life happens, we’re here for you – skip up to two payments a year on qualifying loans!

If you don’t see your loan appear as an option please contact us at 502.968.3681. Some loan products are not eligible for a skip a payment and will require a modification.

How to Skip-A-Month

Skipping a month is easy. You can request a skip within Online Banking, the Park mobile app, or by giving us a call.

  • Online Banking Instructions:

    • Logon to Online Banking
    • Select Services Tab
    • Select Skip-A-Month
    • Select the loan from the list
    • Follow the on screen instructions
  • Mobile App Instructions

    • Login to the Park Mobile App
    • Select “Skip a Payment” from the menu
    • Choose your loan and follow the instructions
  • Call Us Instructions:

    • Give us a call at 800-626-2870
    • Select option 3 for questions about an existing loan
  • ATTENTION: As of March 21, 2020, most eligibility requirements for the Skip-A-Month service has been temporarily waived. If you were not eligible previously or recently skipped a payment, you may still be eligible.

    You must meet the following conditions in order to qualify:

    • You must make at least six monthly payments before requesting to skip a month.
    • You cannot have been more than thirty days delinquent on any loan within the last twelve months.
    • All of your loans must be current.
    • You may only choose to skip the next regularly scheduled payment and not future payments.
    • The usual $25.00 fee will be waived.
    • Not all loan types are eligible for skipped payments.
    • Other restrictions may apply.