Skip-A-Payment
Wouldn’t it be nice to be able to skip-a-payment on your car loan or your personal loan and use that money for something else? For example, when summer rolls around, wouldn’t you like to be able to skip-a-payment on your USFCU auto loan and use that money to pay for a vacation?
Well, now’s the time to talk with us about the USFCU Skip-A-Payment Program. Just be sure your request is made by or before your regular scheduled payment due date!
Qualifications for the Skip-A-Payment Program:
- All of your loans with us must have been kept current for the past 12 months before we can grant a skip-payment
- You may not have any current delinquent loans or credit cards with us
- Your request(s) must also be signed by your joint borrower or co-signer if there is one
- We are only allowed to grant you one skip payment per loan, per year
Call or come by one of our branch locations today to take advantage of this great program! Return the completed skip-a-payment form to any office.
2025 Summer Skip-A-Payment Form:
To qualify for the Summer Skip-A-Payment program, you must meet the qualifications listed in the above 'Qualifications for Skip-A-Payment Program' section. This promotion is available to USFCU members from May 1, 2025 until August 31, 2025.
Some restrictions apply. All member accounts and loans must be in good standing. An approved Skip-A-Payment request will extend the term of the loan. FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement on the outstanding loan balance and will result in additional interest paid as opposed to if you made your payment as originally scheduled. This program does not apply to any mortgage or home equity loans. VISA® credit card payments are also exempt from this program. Regular payments will resume on the first regular payment date of the month following the skip. If previously elected, Credit Life and/or Credit Disability premiums will continue being added to the loan during the extended term in order for benefits to continue. If you have GAP insurance on your automobile loan, the coverage will not extend beyond the original maturity date of the loan nor will GAP cover the deficiency balance arising from skipped payments as disclosed in the Guaranteed Asset Protecô€†Ÿon Contract. Other restrictions may apply. Ask US for complete details.
Please submit a completed Summer Skip-A-Payment Form to any USFCU branch location.
An approved Skip-A-Payment request will extend the term of the loan. This program does not apply to any mortgage loans including, but not limited to first mortgages and home equity products. Visa Platinum, Visa Platinum Plus, and Visa Platinum Preferred are also exempt from the Skip-A-Payment Program. Other restrictions may also apply.