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Skip-A-Pay FAQ
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Do you offer Skip-A-Pay?
Yes! Please visit our Skip-A-Pay page for more information.
To take advantage of a Skip-A-Pay or to see if you are eligible, login to your online banking account or our mobile banking app to find out!
- Online Banking – click on “Additional Services” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
- Mobile Banking - click on the 'More' menu, and select "Skip-a-Pay".
You can contact us if you have any questions!
Online:
- For assistance via Live Chat, sign into Online Banking.
- To send a secure message, sign into Online Banking and click Support.
By Phone:
- To speak with a Member Specialist by phone 24 hours a day, call 800-422-5852
In Person:
- For our branch locations and hours, click here.
Not a member yet?
Applying is fast and easy! Determine whether you meet the eligibility requirement and open your account here.
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What is Skip-A-Pay?
Skip-A-Pay is a program that allows you to delay a loan payment for a month, for any reason. For a fee, on your eligible consumer loan, you can skip a payment* when requirements are met.
*Opting to do a Skip-A-Pay will not affect your credit rating and simply adds the payment to the end of your loan term – for example, it will make a 60-month loan a 61-month loan.
Please note: Interest will continue to accrue during the period of no payment. Finance charges begin to accrue immediately and are repaid over the life of the loan. As a result, you may pay higher total finance charges on the loan than if payments were made within the original term agreement.
Please also note: Home Equities and Home Equity Lines of Credit (HELOC) are not eligible for Skip-A-Pay.
Loans eligible for Skip-A-Pay include:
- Vehicle loans (Including boat, RV, motorcycles and other vehicle types.)
- Personal loans (including Signature, Shared Secured, Purchase Money loans, and Visas.)
To take advantage of a Skip-A-Pay for your loan, you would need to meet the qualifications below and have the funds in your account for the fee.
To be eligible to skip a loan payment, you must:
- Be in good standing with the Credit Union.
- Have made at least six (6) payments on the loan.
- Not be outside of 15 day grace period for the eligible loan.
- Not currently be involved in any Bankruptcy proceedings.
- Not have any unpaid charge offs on the account.
- Not have any skipped or deferred payments in the last six-months.
- Not have any real estate loans with escrow.
You can check in Online or Mobile banking app to see if you’re eligible:
- Online Banking – click on “Payments” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
- Mobile Banking – click on the “Payments” menu and select "Skip-a-Pay".
If you have any questions, you can contact us!
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Is there a fee for Skip-A-Pay?
Yes, the current fee is $35 per Skip-A-Pay. A portion of your fee will be donated to a local charity.
For more information about Skip-A-Pay, click here.
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How many times can I do a Skip-A-Pay?
You can do a Skip-A-Pay once every six months and after there are six months of payments made on your eligible loan.
To see if you qualify, login to your online banking account or the mobile app to find out!
- Online Banking – click on “Payments” and then select “Skip-a-Pay”, or use the Skip-a-Pay widget directly on your accounts home page.
- Mobile Banking – click on the 'Payments' menu, and select "Skip-a-Pay".
For more information about Skip-A-Pay, click here.
Not a member yet?
Applying is fast and easy! Determine whether you meet the eligibility requirement and open your account here.
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I just opened a new loan account. Can I do a Skip-A-Pay?
The loan must have at least six payments applied to it to be eligible for our Skip-A-Pay.
To take advantage of a Skip-A-Pay for your loan, you would need to meet a few qualifications and have the funds in your account for the fee.
For more information please select What is Skip-A-Pay?
Not a member yet?
Applying is fast and easy! Determine whether you meet the eligibility requirement and open your account here.
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