Managing your money can feel like juggling—especially when life throws you a curveball. Whether it’s holiday expenses, a home repair or just a tight month, sometimes you need a little breathing room.
That’s where our Skip-A-Pay* option comes in. It allows you to put a little extra money in your pocket to help navigate through tough times.
What is Skip-A-Pay?
Skip-A-Pay lets qualified members postpone an eligible loan payment to free up extra cash when you need it most. Skipping a payment doesn’t erase it—it simply pushes it to the end of your loan, and interest will continue to accrue. Members can take advantage of this service up to two times per calendar year.
Maybe you need to stretch your budget to buy gifts for loved ones, fix a leaking roof or manage an unexpected medical bill. Whatever the reason, Skip-A-Pay gives you flexibility to focus your funds where they’re needed most.
How It Works
Get started online or through our mobile app: The process takes just a few clicks—no in-person visits needed.
Check eligibility: Not all loans qualify, so be sure to review your account details or contact us before applying.
Pay a fee: The service fee is typically much less than your regular loan payment, making it an affordable option for short-term relief.
Enjoy the breathing room: Redirect those funds to other important priorities.
Benefits
Extra flexibility when you need it most: Life doesn't always go according to plan. Maybe you’ve lost your job or there was significant damage to your home. Skip-A-Pay allows you the flexibility to use your money for home repairs or other necessities instead of making your regular loan payment.
No negative impact on credit score: Since the skipped payment is not considered late or missed, you can maintain your credit score and avoid any negative impact on it.
No late fees or penalties: If approved to skip a payment, you don’t need to worry about late fees, penalties or other charges that usually come with missing a payment.
Considerations
Skipping a payment will extend your loan term.
Interest will continue to accrue.
It’s best for short-term cash flow—not a long-term fix.
Be sure to explore all your options. If you’re facing ongoing financial hardship, our team is here to help. Understanding how Skip-A-Pay works and what to consider before deciding if it’s right for you is essential to navigate challenges and make smart financial decisions.
*All eligible loans must be current, or this offer may be rescinded. A $30 non-refundable processing fee will be assessed per payment skip from your Regular Savings Account. If adequate funds are not available in your savings account, the $30 processing fee will be transferred from your checking account. Your current loan will continue to accrue interest even though you choose to skip your payment. The maturity date of your loan will also be extended. If your loan includes optional insurance coverage enhancements, please refer to those policies. They may expire on the original loan maturity date and may affect your coverage. Limited to two skips per calendar year. Real estate secured loans, business loans, Visa credit cards and lines of credit are not eligible for this offer. Other exclusions may apply. Ask for details. Questions may be directed to our Loan Center at (800) 283-2328, ext. 6040.
