Skip-a-Pay Terms & Conditions
Skip-a-Pay may only be used for Personal Loans.
Qualified members are permitted to skip one monthly loan payment per twelve-month period. Skip-a-Pay is limited to six (6) skips for the life of the loan. A nonrefundable $28 processing fee will be charged to your selected share account for each loan payment that you have elected to skip and will be automatically deducted at the time of processing. Skip-a-Pay will not be processed if funds are not available, in the selected share account, to collect the fee.