Skip-a-Payment on Select Loans
Skipping a loan payment can be helpful during high spending months like holidays or when you're faced with unplanned expenses. For a small fee, you can skip a monthly loan payment on select loans, resuming your regular payments the following month.
SLFCU allows members in good standing to skip up to two months’ payments per eligible loan in any rolling 12-month period. There is a $25 service charge per month from a savings or checking account, and interest will continue to accrue on the loan. The skip-a-payment benefit is available for auto loans, signature loans and CreditLines, savings secured loans and CreditLines, and student loans in repayment status (originated before 1/1/2011).
Requests to skip a monthly payment can be made by submitting the form below or at any branch and must be received at least three days prior to the payment due date.The funds need to be in the account prior to the request.
Please note: credit cards, mortgages, Home Equity CreditLines, and single-pay loans are not eligible for skip-a-payment.
SKIP-A-PAYMENT REQUEST FORM
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