Skip-A-Pay

With a deferral, your vehicle contract will be extended by the number of months your payment was deferred. After the deferral period ends, you will resume making your regularly-scheduled payments. For credit cards, your due date will be extended and interest will accrue.

If you’re financing your vehicle or personal loan, finance charges will continue to accrue on the unpaid balance at the contract rate, and by deferring one or more payments, you’ll pay more finance charges. The deferral won’t extend the duration of GAP, maintenance, life, or disability insurance that may be included in your contract.

You can make as many payments as you’d like during your Skip-A-Pay period.

Your online account will also reflect your next due date and amount due.

We’ll send you a confirmation email after your request has been processed.

No, your loan must be in good standing with the Credit Union. Contact us for options.

Deferring your payment shouldn’t have a negative impact to your credit score, but it’s important to note that for most consumers, payment history is only one of many items that impacts your score.

Yes, your due date will advance by one month due to your deferred payment.

No, we won’t charge additional late fees during your deferral period.

When you make your first regularly-scheduled payment after the deferral period, it will first be applied to satisfy any accrued finance charges and then to the outstanding balance. How long it will take to pay the finance charges accrued during the deferral period will depend on the amount and timing of any payments you make.