Take a Break from Payments with Skip-A-Pay ¹

¹ A non-refundable participation fee of $35 will be assessed for each Skip-A-Payment request. The member will resume making their regularly scheduled loan payment on the next due date after the skipped payment. Interest will continue to accrue on the loan. This election will result in an extension of the loan maturity date, the total interest on the loan, and may reduce Guaranteed Asset Protection (GAP) coverage on the loan. Skipped payment affects how future payments are applied to principal and interest. Restrictions: Skip-A-Payment only applies to qualifying Auto Loans, Motorcycle Loans, and Personal Loans. Twelve (12) monthly payments must be made on the loan to be eligible for a Skip-A-Pay extension. All accounts must be current and in good standing to apply. The fee will be charged upon approval for the Skip-A-Pay extension and must be available in one of the accounts. Only two (2) Skip-A-Pay extensions are allowed per calendar year, 6 months apart, on each qualifying loan per membership. This offer is non-transferable.