Skip Your Loan Payment This Holiday Season
Keep extra cash in your pocket when you need it most
What is skip-a-payment?
Our Skip-A-Payment program lets you skip your December or January loan payment, giving you extra flexibility during the holiday season. Your payment will simply be moved to the end of your loan term.
Eligible Loans
Closed-end consumer loans (vehicle loans and personal loans)
Loans originated before July 1, 2024
Current loans with positive payment history
Loans with fewer than four skipped payments
Your holiday budget just got a little more breathing room
How It Works
Choose to skip your payment for either December 2024 or January 2025. Submit your application at least three business days before your scheduled payment date. Once approved, we'll send you (and all co-borrowers if applicable) a loan modification agreement to sign. Once completed, we will modify your loan and move the skipped payment to the end of your term, extending your original loan maturity date by one month.
Important Details
Interest will continue to accrue at your original APR
Your loan term will be extended by one month
Not available for Kwik-Cash lines of credit or real estate loans
If you have GAP insurance on your vehicle loan, coverage may not extend beyond the original maturity date
All borrowers must sign the loan modification
Members using automatic payments or bill pay are responsible for adjusting their scheduled payment after approval
Positive payment history means that within the last 12 months, you did not have a loan payment more than 30 days delinquent
Ready to Skip Your Payment?
Use the button below to apply online, or download the application and return it to the credit union