When holiday bills start piling up, Skip A Pay is a great way to free up cash. This winter try Holiday Skip A Pay to give you a break from your loan payment.
Sign up for the Holiday Skip A Pay program and you can skip one month (or a one month “equivalent,” which is 2 bi-weekly or 2 semi-monthly payments.)
- There is a modest processing fee of $30.00 per loan skipped.
- The fee can be conveniently deducted from your share account, or simply send us payment with your signed authorization.
- For compliance reasons, Home Equity Loans, Mortgages, Lines of Credit and VISA are not eligible.
- To skip a payment, a loan must be on the books for at least 3 months, and in good standing.
- Only one skip is permitted per loan within a 12-month timeframe.
- Loans in joint names require joint signatures to skip a payment.
It’s easy to participate in the Holiday Skip A Pay program. To download your Skip A Pay Request Form click here: Holiday Skip A Pay Form 2021 .
For more information, call the Credit Union at 610-691-0041.