I understand that my payroll deduction payment will still be deducted from my paycheck but will be deposited into my credit union checking or savings account.
$30.00 fee per loan payment skipped. Offer valid through January 31, 2024 and may only be used on either your December, or January loan payment. Offer does not apply to mortgage loans, signature lines of credit, credit cards, revolving loans, home equity loans and lines, and loans extended due to Covid-19. Interest will accrue on all loans affected by the program which may cause maturity date on loan to be extended. If recent data shows that you have been delinquent on the above-mentioned loan(s) for any reason, the credit union reserves the right to deny your application for skipping a payment. If your request is denied, the credit union will contact you.
*Members can use the Skip-A-Pay no more than twice a year and there must be three full payments in between the Skips. Loans with GAP or GAP Plus coverage will have a maximum of 6 skips per the life of the loan and the members current GAP policy. *Members whose savings or share draft accounts that are overdrawn do not qualify for Skip-A-Pay.