To qualify for the program the following conditions apply:
- 1. A $25.00 Processing Fee per loan, per month skipped. Fee debited from selected account when Skip-A-Pay request is approved.
- 2. Requests must be received at least two (2) business days before the payment due date in order to address any payment automation.
- 3. The skip will be applied to the next payment due date.
- 4. Eligible loan types include auto, recreational boat, motorcycle, personal RV, RV, share secured, and personal loans.
- 5. This offer is NOT applicable to mortgage loans, home equity loans or lines of credit, or credit cards.
- 6. Any borrower on a loan can request a skip.
- 7. Your account must be in good standing.
- 8. Loans must be no more than 14 days past due at time of request AND have had no more than one delinquent payment within the prior six months.
- 9. Interest will continue to accrue on all skipped payments and will extend the term of your loan.
- 10. Skip payments may affect payment protection and GAP coverage; see your agreement for details.
- 11. A payment cannot be reversed once it is made.
- 12. New loans must have had at least six monthly payments to be eligible.
- 13. Limit of one skipped payment per 12 month period per eligible loan.
- 14. Member will be responsible for changing the date on transfers setup within Digital Banking.
