Need a break? Take one with Skip-A-Payment.

New and used vehicles, motorcycles, boat and RVs, and personal loans are eligible for the Skip-A-Payment program. Real estate loans, FlexLines, ODP repayment plans, term loans, student loans, consumer credit cards, business loans, business credit cards, and PayDay loans are not eligible.

No, the $30 fee must be available in the share account you specify and will automatically be deducted upon receipt of request. The $30 processing fee is per loan, per request, if completed through Online Banking. A processing fee of $35 is charged per loan, per request, if completed at a branch.

You cannot skip two consecutive months, though you may be able to skip two months per 12-month period.

• Eligible loans financed up to a 60-month term: Skip a loan payment up to two (2) times per 12-month period, with at least a 90-day span in between two (2) Skip-A-Payments. Only 10 months of payment may be skipped over the life of the loan.
• Eligible loans financed over a 60-month term: Skip one (1) loan payment per 12-month period.

You must have had the loan open and made three (3) months of payments to be eligible for the Skip-A-Payment program.

Automatic payment is a great way to pay! However, with Skip-A-Payment, if you have a recurring payment scheduled via Online Banking or another financial institution, this payment will process unless canceled/altered by you.

Yes, interest will continue to accrue on your loan during the month of the skipped payment. If your loan has Guaranteed Asset Protection (GAP) insurance, the payments skipped will not be covered if a claim is filed. Skip-A-Payment does not result in the credit union covering the cost of your month’s payment or making the payment on your behalf. Rather, your payment is deferred, and the term of your loan is extended accordingly.

With our Skip-A-Payment program, it only takes minutes to conveniently put in your request online—right from home or on the go with your mobile device. To request skipping a payment in Online Banking, choose Payments from the navigation menu, then select Skip-A-Payment. In Mobile Banking, tap Payments at the bottom of the screen, then tap Skip-A-Payment.

Unfortunately, Skip-A-Payment is not an available option for Take-Back Loans.