Skip to Main Content

Need a break – from your loan?

Need a break – from your loan?

We’re here to help. From now until December 31, we’re giving you the option to skip your upcoming auto or personal loan payment, for just a $25.00 fee*.

Use the funds for what you need now, and make the payment at the end of your loan term.

To check if you’re eligible to skip a payment, log into online banking and look out for a Skip-A-Pay invitation 10 days or less before your next loan payment is due. If you choose to skip your payment, please make sure any automatic payment is temporarily turned off for that time.

Don’t have online banking? You may also visit your nearest branch to fill out a Skip-A-Pay form.

You deserve a break!

*Applies only to eligible loans as described below. There is a fee of $25.00 for each payment you skip, which must be available in your account to qualify for Skip-A-Pay. Your skipped payment will be added to the end of your loan term, and normal interest charges will continue to accumulate and may extend maturity. Fee must be paid by member at time of application (cannot be added to loan balance). Your loan may not display as eligible until 10 days before your Due Date. Skipping a payment and late payment fees may reduce the amount of a Guaranteed Asset Protection (GAP) claim. Please refer to your GAP Policy for complete information. If you selected GAP, the coverage will not be extended beyond the original maturity date. All deferrals are subject to Service Credit Union approval. Eligibility requirements are as follows and all must be met to qualify for Skip-A-Payment: Loan(s) must be current (have no amount past due). Loan(s) must have been open for at least 9 months and have 6 or more months of good payment history up until the due date being skipped. Minimum monthly payment must be at least $101. Loan(s) must be on a monthly payment frequency (semi-monthly and biweekly payments are not eligible to be skipped). Must have a valid address on file; if you have an invalid address on file with Service CU, you must provide updated information. If the subject loan has been modified, it may not be eligible. Open-ended and specialty loans do not qualify. You may choose to skip one payment on each eligible loan in either 11/23 or 12/23. You must pay your prior months payment to become eligible for Skip-A-Payment. For example, you must pay your October payment before you can skip your November payment. You must manually stop payments set up by you from a bill pay system or through payroll deductions for the month you choose to skip and re-establish it again before the next scheduled payment is due. Membership and all loans must be in good standing to qualify for this promotion, which includes having at least $5 in your Primary Savings account. Other restrictions may apply.