We’re committed to supporting our members through good times and bad. If you’re having a tough time paying your bills, you may be able to use our Skip-A-Payment program to defer your payments for up to three months or change the due date on your loan and gain a little breathing room.
Whether you’ve been affected by the coronavirus pandemic or other financial challenges, having some flexibility on your loan can make a big difference. That extra money in your pocket could go toward important expenses like child care, groceries or prescription medication.
How Does Skip-A-Payment Work?
To qualify for our Skip-A-Payment program, you need to make a request online and have it approved before you skip your payment. If you’re already behind on your payments, give us a call to talk through your options. Keep in mind that some loans and members won’t qualify for the program.
Here are the basic guidelines:
Interest (finance charges) will continue to accrue while your payments are on hold.
You can make a request to skip a payment once every 12 payments.
Your loan must be current.
No more than one payment can be past due, and it must be fewer than 30 days past due when you submit your request.
Some restrictions apply, so not all loans or members will qualify.
Which Loans Are Part of the Program?
You can ask about skipping payments on the following types of loans:
Auto, motorcycle, boat, RV and ATV loans
Personal loans
Holiday or vacation loans
Share secured loans
Changing Your Due Date
You can also change the due date on many loans. When you change the due date, you’ll still owe your payment within the same month, but you have the flexibility to schedule your payment to align with your next paycheck or unemployment payment. Keep in mind that you can only change the due date once per loan.