REMINDER: Collins Community Credit Union will be performing a core conversion April 27 through May 1. During the conversion period you will experience service limitations as well as branch closures. All branches, including the in-store branches, will close at 5:30 p.m. on April 27 and reopen for business on Tuesday, May 1. To learn more about the core conversion, and to view frequently asked questions, click here.
Many members inquire how loan payments are allocated on their Collins Community Credit Union loans.
If the loan is not a dwelling based loan (example: auto loan) the payment is first applied to any interest that is owed, to any late fees if fees are owed and then to principal.