Skip-A-Payment Program

A Little Extra Flexibility When You Need It Most

Life doesn’t always follow a perfect schedule—and sometimes you just need a little breathing room. With our Skip-A-Payment option, eligible members can postpone one upcoming loan payment and keep more cash in their pocket.

 

How it Works

If you’d like to skip an upcoming loan payment, simply complete the Skip-A-Payment request form. Once approved, your payment will be deferred to the next month.

  • $25 processing fee for each skipped payment

  • Requests must be submitted on or before your scheduled due date

  • Limit of two skipped payments within a 12-month period

  • Must have a minimum of 2 months between skips

  • Loan must be open for 6 months

 

Loan Types Eligible

Most consumer loans qualify, but some accounts are not eligible for Skip-A-Payment.

Loans NOT Eligible:

  • Credit Cards

  • Home Equity & Property Loans

  • Credit Starter or Builder Loans

  • Vacation/Christmas

 

Ready to Get Started?

Fill out the Skip-A-Payment form to submit your request.

Funds must be available in your account prior to Skip-A-Payment application submission. If funds are not available, the application cannot be processed.

Approval of your Skip-A-Payment request is not automatic. Your request must be reviewed and processed by the SRCFCU loan department, and we may decline any request at our discretion.

If you currently have an automatic or scheduled transfer set up for this loan, it will be adjusted to apply to your next due date.

Please note: GAP coverage may not include skipped or late payments. If your policy does allow skipped payments, it may limit how many are covered. Be sure to review your GAP policy for full details.