Loan Payment Options
Making your loan payments should be simple and stress-free. At Associated Healthcare Credit Union, we offer a variety of secure and convenient payment options to fit your needs. Whether you prefer to set up automatic payments, pay through your financial institution, or make payments from your AHCU account, you can choose the method that works best for you.
Ways to Pay Your Loan
There are several loan payment options available to you.
Option 1: AHCU Auto Transfers
If you have a checking or savings account at AHCU, you can use Online Banking to schedule automatic transfers from a selected checking or savings account to your loan.
Option 2: Use Bill Pay
Most financial institution have an online Bill Pay system you can use to set up recurring loan payments.
This is different from ACH transfers in that you set up and manage these payments entirely by yourself.
Option 3: Set up a Payment Transfer
Contact your financial institution and ask for the paperwork to set up a recurring ACH transaction for your loan payments.
ACH stands for Automated Clearing House, a financial network that allows banks and credit unions to electronically transfer funds and send electronic payments.
Option 4: Use a non-AHCU Debit Card
You can give AHCU your debit card information and give us permission (“authorization”), in advance, to electronically withdraw money from your account on a recurring basis for your loan payments.
This is different from ACH or Bill Pay payments in which you give permission to your financial institution to SEND payments. With debit card transactions, you give your permission to AHCU to take the payments from your account.
Option 5: Coupon Book
If you wish to mail in your loan payments, you can request a complimentary coupon book by calling toll-free 1-877-241-8233.
A coupon book contains a “coupon” showing the date and amount of each payment, along with the mailing address for the payments. You can detach the each coupon and write a check for the amount shown, then mail it to the address noted.
Contact your financial institution and ask for the paperwork to set up a recurring ACH transaction for your loan payments.
ACH stands for Automated Clearing House, a financial network that allows banks and credit unions to electronically transfer funds and send electronic payments.
