Take a break from your loan payments! Members with qualifying loans can skip one monthly loan payment per loan through the end of August. Use the cash to get caught up with bills or fund your summer vacation!
Many members have questions about Skip a Pay. Let us answer them for you!
How do I initiate my skip?
To initiate your skip, log into online banking and go to Additional Services and select “Skip a Pay” from the options listed below.
Not an online banking user? Give us a call at 800.991.2221 or stop in at any office and we can take care of the request for you.
If you don’t currently use Consumers Online Banking, click HERE to sign up and see how you could receive $20!
When should I submit my skip request?
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.
How do I know if my skip has been approved?
Your skip cannot be approved until the previous month’s payment has been made. For example, if you request to skip your July payment, your skip will be approved following your June payment. You will receive an email confirming whether your skip has been approved. Be sure to provide the correct primary email and contact number when submitting your request to ensure you receive notice from us in a timely manner.
Should you have more questions about your skip request, you’re always welcome to call us at 800.991.2221 or stop by our offices.
*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.