Keep your cash for summer fun in the sun by taking a break from your loan payments. Skip a month’s loan payment and keep the cash!* For payments of $500 or greater, the fee to skip a payment is $50; for payments of less than $500, the fee is $35.
It’s easy! Just choose the month you’d like to skip (June, July, or August) for ANY QUALIFYING LOAN. (Yes…it can be more than one!) It takes just a couple of minutes to initiate the skip for a payment falling in June, July, or August. Use the cash to get caught up with bills or fund your summer vacation.
If your loan is scheduled for automatic payments, please submit your skip request at least 7 days prior to payment date. Skips will be processed approximately two weeks before your payment due date.
You can initiate your skip by logging into Online Banking and selecting “Skip a Loan Payment” under the “Accounts” tab or calling us at 800.991.2221.
*Deferment of payment will extend the life of the loan and may cause an increase in the final payment amount. Offer only available on CONSUMER vehicle or RV loans currently financed with Consumers Credit Union with a maximum of six extensions allowed during the term of the loan, and no prior extensions within the last 3 months. Loans must be current and all accounts in good standing. If your auto loan has GAP insurance, please contact your insurance carrier to determine how a Skip-A-Payment may affect your coverage. Offer subject to approval and does not apply to the first payment of any loan. The fee to skip a payment is $35 for loan payments less than $500; the fee is $50 for loan payments greater than $500.