Skip a Payment
Everyone has had a time in their life when they could use some extra cash. To do just that, you may skip your qualifying loan payment up to two times per year. Every skip a payment is subject to credit union approval. Your loan must be open for a minimum of 90 days to be eligible.
If you have more than one qualifying loan, you may request a skip twice on each loan per year. Mortgages, HELOCs, VISA Credit Cards and Overdraft Loans do not qualify for skips.
A fee of $25.00 is required for each loan skipped, for each skip. $5.00 of each skip fee is donated to local Food Banks.
The $25.00 will automatically be added to the balance of your loan, to pay this fee by other means, please call us to manually adjust your loan. All credit union qualifications must be met.
Please note, if you have loan payments set up automatically by means other than internal credit union transfers, you will need to make the necessary adjustments to skip the payment.
If you have any questions or need further information on how the Skip a Payment program works, don’t hesitate to contact us.