• Skip a Loan Payment

  • To skip a payment, there is a $30 fee per loan per month.

  • Restrictions:

    -Savings account must have the $25 minimum balance

    -Application must be submitted at least 5 days before your next scheduled payment

    -Loan cannot currently be more than 30 days delinquent

    -Open End loans must have at least 3 full payments since the last advance date

    -New loans must have at least 6 full payments from their start date

    -Only 2 payments can be skipped in a 12 month period for loans with a remaining balance under $20,000

    -Only 1 payment can be skipped in a 12 month period for loans with a remaining balance between $20,000-$30,000

     

    -Not available on loans with an outstanding balance over $30,000

    -Not available on credit cards, mortgages, or second mortgage loans

    -Not available on loans with a remaining payback term of 59 months (5 years) or greater

    -Not available for loans that have had Forced Place Insurace within the last 12 months

    -Not available on loans that have been rewritten or extended within the past 12 months

     

     

     

  • Disclosure:

    A fee of $30 will be assessed per loan per month.  This must be paid before the application can be processed and can be deducted from ANY credit union account. Fee does not apply towards principal or interest.  Interest continues to accrue during the time when payments are not made.  Skipping a payment will extend the payoff period of your loan.  Payroll deduction payments will be redirected to the 100 suffix account for the payments that are being skipped.  By submitting this request, you agree that the information is correct to the best of your knowledge.  You will be notified by mail if your application is denied.  You also agree to notify us of any changes to your name, address, or employment.  You authorize the credit union to obtain credit reports in connection with this request. 

  •  -  - Pick a Date
  • Should be Empty: