free up funds for the holidays
Ways to free up funds this holiday season
The holidays are just around the corner, and it’s time to start thinking about how to make the most of the season. Here are three ways to skip the high-rate credit cards and put some extra jingle in your pockets this holiday season.
#1 Take advantage of a 60-days-no-pay Holiday Loan
Our Holiday Loans offer rates as low as 9.49% APR¹ and no payments for 60 days. You might even have a pre-approved holiday loan waiting for you in your Personalized Offers.
Enjoy the peace of mind of 60 days without a Holiday Loan payment, allowing you to focus on making memories with your loved ones.
#2 Use Skip-A-Pay
Skip-A-Pay is a benefit available to members who have auto loans, recreational vehicle loans, or personal loans in good standing. You may be eligible to skip a loan payment, even if you’ve already done so this year.²
Activate Skip-A-Pay right from your mobile app or online banking. Not sure whether you qualify to skip your loan payment? We can help! Start a secure chat using our Conversations feature in CCF's mobile app or call 800-777-6728.
#3 Tap into your HELOC
Using your Home Equity Line of Credit (HELOC) for holiday expenses can be a more cost-effective and flexible option than spending on a high-rate credit card.It's easy to access your funds. Log in to mobile or online banking and transfer funds from your HELOC to your checking account. Don't have a HELOC? Apply for one today to tap into your home's equity.
1: HOLIDAY LOAN: Approval and actual rate offered based on overall creditworthiness factors. First payment may be deferred up to 60 days after the loan is funded. Interest continues to accrue during the payment deferral. Rate subject to change at any time. Loan product may be changed or discontinued at any time. Rate current as of 10/21/2025.
2: SKIP-A-PAY: *Loans are eligible for Skip-A-Pay after three (3) months of payment history. No more than two (2) Skip-A-Pays allowed per calendar year, per loan and must be at least (3) three months apart. Loan(s) must be current and all CCF accounts in good standing to apply for Skip-A-Pay. By choosing to Skip A Payment, you request that CCF defer your loan payment for one month. Your regular payment will resume the following month on your scheduled payment date. You agree and understand that each skipped individual loan payment is assessed a fee as specified by our current Service Charges. Fees are based on the dollar amount of payment being skipped and are automatically withdrawn from your account once the skip is approved and processed. If funds are not available in your CCF account, you must contact a CCF representative to complete this request. Individual application fees do apply when skipping multiple loan payments. Home equity loans, lines of credit, collection loans, and credit cards are not eligible to be skipped. Finance charges continue to accrue at the rate provided in your original loan agreement, during and after deferment. Deferring your payment will result in having to pay higher total finance charges than if you made your payments as originally scheduled; will extend the term of your loan; and you will have to make extra payment(s) after your loan(s) would otherwise be paid off. If you're requesting to skip a payment funded by an EFT/ACH or Transfer, you MUST contact Cornerstone or your institution to cancel that month's transfer. A Skip will not cancel your scheduled payment transfer. If you previously elected credit life and/or disability insurance, the insurance coverage will not be extended beyond the original maturity date. Additionally, skipping a payment may impact GAP coverage. Please review your GAP agreement or contact us for details on how a skipped payment may affect your coverage. All deferrals are subject to CCF approval and additional restrictions and adjustments may apply.
