Our Skip-A-Pay program offers qualified members a one-time deferral of your June loan payment(s). Your regular loan payment schedule will resume in July. Real estate, credit card, Advance Pay, Credit Builder, Line of Credit, and Break-the-Cycle loans are not eligible for this offer. If you make your loan payment automatically through payroll deduction, direct deposit, or a savings or checking account transfer, and you participate in this offer, the amount of the payment will remain in your account.
By deferring your loan payment, the total loan finance charge amount you pay could be greater than as stated on your loan disclosure. Also, we’ll extend your loan repayment schedule by approximately one month due to your deferred payment. Any changes to the annual percentage rate will be reflected on your next periodic statement. Incomplete applications will not be processed. Loan payments that have already been made cannot be deferred.
We reserve the right to revoke this offer if your account is delinquent by 30 days or more. Your due date will not advance until the date of your regularly scheduled June 2020 payment. If you are deferring an auto loan payment and you have GAP coverage on your vehicle, it is your responsibility to check with your insurance company regarding their policy on payment deferrals before you participate in our Skip-A-Pay program. The four-digit number listed after your account number is the loan suffix number as shown on any of your account statements. Any authorization by one borrower on the loan is considered an authorization by all borrowers on the loan. This offer ends June 30, 2020. Your regular loan payment schedule will resume July 2020.