Nov 19 2014

Need a Christmas Vacation? Skip a Loan Payment

Santa on boat

Keep some cash for some holiday fun—or a vacation once the holiday parties have passed. Members with qualifying loans can skip one monthly loan payment per loan in either November, December or January.* Use the cash for Christmas shopping, holiday celebrations, or to catch up with bills.

You can initiate your skip by logging into online banking and selecting “Skip a Loan Payment” under the “Accounts” tab or by calling us at 800.991.2221.

For payments of $500 or greater, the fee to skip a payment is $50; for payments of less than $500, the fee is $35.

Please submit your skip request at least seven days before your payment is due. Skips will be processed approximately two weeks before your payment due date.

*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.

Email this to someone

Leave a Comment