Skip A Payment
Members in good standing with all loans current may choose to skip their loan payment(s)*. You may conveniently sign up through Online Banking or fill out the Skip A Payment form and fax it to 248-674-1644 or drop it off/mail it to our Waterford East Branch located at 4594 Pontiac Lake Road, Waterford, MI 48328.
*$20 fee per loan. Participating in the Skip-A-Payment program that the interest will continue to accrue and the term of the loan will be extended. Skip-A-Pay form must be submitted to the Credit Union a minimum of 5 days before the payment to be skipped is due. Loans must be current with three consecutive payments to be eligible for this offer.
Mortgages, home equity loans, business loans, leases, credit cards, revolving lines of credit, and any modified loans are excluded from this program.
Please not: Only two loan payments can be skipped per calendar year. GAP coverage may be affected. Refer to your GAP documents for details.