Looking to take a break from your payment?
Our Skip-A-Payment option might be just what you need after times of higher spending during the holidays, vacations, and other life events. Here’s how it works:
Eligible loan types are Signature Loan, Auto Loan, Recreational Vehicle Loan, Motorcycle Loan, Boat Loan and Visa Platinum, Gold, and Classic Visa Credit Cards.
All skip-a-pay requests are subject to review and approval by the Lending Department.
There is a $25.00 Processing fee whether approved or denied.
Funds for processing fee must be available in account at time of processing – checks will not be accepted.
By skipping your loan payment(s) your payment(s) will be deferred which will extend your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise have been paid off.
Interest will continue to accrue on any unpaid balance during the skip-a-pay month.
All associated Credit Union Accounts must be in good standing for the last 3 months, no returned checks and/or negative balances.
Loan Account must be current and open for at least 6 months.
All Loans for the borrower and any co-borrower must be current, with no more than two skip-a-pay(s) per loan per year.
Maximum of 6 skip-a-pay for life of the loan.
Requests to skip-a-pay must be submitted one week before the loan’s due date.
If you have any questions about the Skip-A-Pay Program, please contact us. And if you’re ready to skip your payment now, please proceed to the form.
