For times when you may need to keep a little extra cash in your pocket, City FCU offers a Skip-a-Pay program. For a small processing fee of $25 per loan, you can opt to skip one month’s payment on eligible loans. Skip-a-Pay is available on fixed-term consumer loans; to include auto loans, specialty vehicle loans and personal loans, and may be used two times per calendar year.
To be eligible, the following criteria must be met:
- Must have made at least six payments on the loan
- No loans delinquent 30+ days within the last 12 months
- No accounts with a negative balance
- Have not caused a loss to the credit union
- Loan is not subject to Troubled Debt Restructuring (TDR) or bankruptcy
To request a Skip-a-Pay, complete the following request form. Please request at least 10 days before the loan payment date you are requesting to skip.
Skip-a-Pay Request Form
* Lines of Credit, Credit Cards and Real Estate Loans are not eligible. The credit union has the right to decline a Skip-a-Pay request at their sole discretion.