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Skip PaymentWe know life occasionally throws unexpected troubles your way, and there are times when you may need a little financial relief. As a courtesy to our Members, we offer a skip payment program in times of special need.
- Maximum of two non-consecutive skip payments per loan, per calendar year
- Members can skip 2 months of payments between January and December
- It can be any 2 months the member chooses
- They can NOT be consecutive months
- They must be a minimum of 30 days apart
- There will be a $25 fee charged for the service
Skip payments are offered as a Member courtesy. Maximum of two non-consecutive skip payments per loan, per calendar year. Eligible loans and Member accounts must be in good standing. Real Estate Loans, Overdraft Lines of Credit and Credit Cards do not apply. A $25 per request fee will be automatically deducted from the Member’s share account immediately upon processing. The amount of the skipped payment plus any additional interest accumulated will be added to the end of the loan and will extend the term of that loan. Other restrictions may apply.
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