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Skip a payment
The Skip A Payment will allow for deferment of one month’s payment on any consumer loan. Bi-Weekly payments will skip two payments. Members utilizing Direct Deposit allocations as a means of loan payment will have allocations deposited into share savings or share drafts rather than applied to the loan.
Interest will continue to accrue on the loan during the waived payment period. The loan maturity date will be extended when the payment is deferred. All loan terms and conditions remain the same. Wabellco Federal Credit Union reserves the right to deny this offer for any reason. Offer subject to change.
A processing fee of $30 per loan will be assessed.
Skip A Payment Requests are not available for:
A signed Skip A Payment Request form must be completed, including all loan suffixes for which a Skip Payment is requested. The Skip A Payment fee(s) must be paid in full before the loan payment(s) may be deferred.
Form and fee must be received by the credit union at least ten (10) business days before your loan payment is due.
Interest will continue to accrue on the loan during the waived payment period. The loan maturity date will be extended when the payment is deferred. All loan terms and conditions remain the same. Wabellco Federal Credit Union reserves the right to deny this offer for any reason. Offer subject to change.
A processing fee of $30 per loan will be assessed.
Skip A Payment Requests are not available for:
- Loans secured by Certificates and Real Estate Loans.
- Loans with less than six months payment history
- Loans that are currently delinquent
- Loans for which a payment extension has been granted during the past six months
- Negative balance accounts.
A signed Skip A Payment Request form must be completed, including all loan suffixes for which a Skip Payment is requested. The Skip A Payment fee(s) must be paid in full before the loan payment(s) may be deferred.
Form and fee must be received by the credit union at least ten (10) business days before your loan payment is due.
