Program Features

Expand Your Budget by Postponing Your Payment

Skip your loan payment for one month on selected loans* and use the money for vacation, holidays and personal expenses.

Program Features

  • Processing fee for skipping one month’s payment is $25*
  • Fee is paid by check accompanying the Skip-a-Payment application or through a deduction directly from your account
  • This fee will not be applied to the principal or interest on your loan
  • Interest will continue to accrue on your loan during the month the payment is skipped
  • Monthly payments resume on the regular month due date after the skipped payment period
  • The maturity date of your loan will be extended for one month
  • Only one request will be approved in any annual, rolling 11-month period
  • Borrowers that are now past due or over the limit not eligible for the Skip-a-Payment plan

Download the Form

*The Skip-a-Payment service is offered on all loans but first mortgages, home equity loans, credit cards and lines of credit.

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