Skip A Pay

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Keep Cash in Your Wallet

There are times in life when it helps to have more cash in your wallet. We offer Skip-a-Pay for when those times arise. If you have loans in good standing with us, you could qualify to skip your next loan payment.

Skip A Month worth of Payments with our Skip-A-Pay program!

How to Qualify

Our Skip-a-Pay option may be able to help:
  • If you need assistance with your Personal, Auto, Boat, or Motorcycle Loan
  • The fastest way to complete a Skip-a-Pay request is through our online form.
  • Your account must be in good standing and cannot have had a previous modification.

Instant Answers for Skip-a-Pay

Is there a fee for Skip-a-Pay?
A Skip-a-Pay fee will be processed as per the Credit Union’s Fee Schedule for each skip request.

When can I request a skip?
All requests must be received at least five calendar days before payment is due. Each Skip includes one month of loan payment(s).

Can I skip two month’s of payments in a year?
Yes, you may take advantage of our Summer and Holiday Skip-A-Pay program. Each Skip-A-Pay program skips a full month of loan payment(s).

How does skipping affect finance charges?
On qualifying loans, interest will continue to accrue during the waived payment period which will result in the term of the loan being extended.
How do I qualify for Skip-a-Pay?
You are allowed to skip the next loan payment under the following conditions:
  • The next payment due date on the loan must be at least five calendar days before the payment is due.
  • Loans must be in good standing and cannot be a part of a modification.
Which loans do not qualify for Skip-a-Pay?
Mortgage, Home Equity Loans, Credit Card, and PAL Loans are not eligible for Skip-a-Pay.

¹ A skip a payment fee will be processed per the Credit Union’s Fee Schedule, for each skip a payment request.  If you have more than one qualifying loan you may request to skip a payment on each loan. Processing fee will be returned to anyone not eligible to participate in this offer. In order to skip your payment, all loans and accounts must be current and in good standing at the time we receive your request. The deferral of loan payments pursuant to this agreement will automatically extend the loan maturity date by a corresponding period of time. Deferral of payments will reduce the portion of future payments applied to principal resulting in a larger final payment, or negative amortization. Interest will continue to accrue on your loan as it normally does. The number of skip a payments in a rolling 12-month period is limited to a maximum of two (Summer and Holiday Skip-A-Pay) established by the credit union and may be subject to change. Certain restrictions apply and not all loans are eligible for this program. In some instances, it may be required that the member authorize having a credit bureau pulled for review. Subject to credit qualifications and performance. Program subject to change.

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