How to Pay Your Loan

Congratulations! You just scored financing through Amherst Federal Credit Union. Whether it’s an auto loan, personal loan, or home equity line of credit, you might be wondering how you can make payments.

There’s a lot of ways to pay, here’s a few common methods.

1. Pay with cash or check over the counter. One of the simplest ways to pay your loan is to stop into the AFCU office and pay via cash or check. These payments are applied immediately. Unfortunately, we are not currently capable of accepting payments with a credit or debit card.
2. Pay with an automatic transfer. If you have funds coming into your AFCU checking or savings account regularly via payroll or otherwise, we can get you set up on an internal transfer. As long as the funds are available in your account on the agreed upon date of your transfer, you won’t have to worry about a thing. You may also take control over your automatic transfer by setting it up yourself through our Online Banking Platform.
3. Pay using Online Bill Pay with an account elsewhere. If AFCU is not your primary financial institution, that’s okay! You can set up a recurring payment to come from your main account using that bank or credit union’s Online Bill Pay function. Note that these payments are typically sent via mail as a physical check, so be sure to set the payment date slightly earlier than your due date to allow time for the check to arrive in the mail.

Additional Tips: We will soon be integrating a new payment system called Fed Now. This will allow members to make real time transfers from external accounts to their AFCU accounts, which will make paying your loan that much easier. Stay tuned for updates on that.

Published May 1, 2025