Skip-a-Pay

¹Participating in the Skip-A-Pay program amends the original loan agreement and will extend the term of your loan by one month. Interest will continue to accrue on the principal balance of the loan from the last payment date. A $25.00 Skip-A-Pay fee applies per loan. Allow 48 hours prior to the loan due date for processing. If you participate in Skip-A-Pay, it may alter the coverage of your GAP (Guaranteed Auto Protection). You should keep a copy of this notice with your loan documents. Any regular payment made through payroll deduction or direct deposit will be reversed and deposited into your CSCU account. Eligible members may participate in Skip-A-Pay up to two times per calendar year; however, skips may not be used in consecutive months. Loans with payments greater than $1,000, balances less than $1,000, annual payments, workout loans, TLMs, delinquent loans, loans with an extension within the last 6 months, and loans less than 6 months old are not eligible. Business loans, loans on business accounts, and loans secured by real estate are not eligible. Additional restrictions may apply.

²Skipped payments can not be scheduled for consecutive months.

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³If a member has multiple eligible loans, a $25 fee per eligible loan must be in the main share account regardless if the payment will be skipped. (i.e. If you skipped a payment for 1 loan, but you have 3 loans with us, you will need $75 in your main share account.)