"As a result of the increased cost of electricity many of our members may be forced to choose whether to keep the lights on or pay the car payment," says Lauren MacVay, CEO of True North. "We want our members to know that we are as concerned as they are in ensuring daily needs can be met, therefore we are electing to allow members to skip two loan payments.
"This is just one example of the credit union's philosophy of people helping people."
Members can determine their eligibility for the Skip-pay option on any consumer loan by contacting a branch representative at the Mendenhall Branch located at 2777 Postal Way or calling 523-4777.
Chartered in 1948, True North Federal Credit Union was the first non-profit full-service cooperative financial institution owned and directed by its members in Alaska. We are chartered, regulated and insured by the National Credit Union Administration, an agency of the federal government.