Skip-A-Payment

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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 $30*
  • 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.

Download the Form

For a $30 fee, you may be able to skip one month’s payment on your Altier loan*. To get started just download the form, fill it out and email or fax it to us. Still have questions? Call ServiceLine at 602.797.3000. 

Skip-a-Payment Agreement

The processing fee charged for allowing you to skip this monthly payment is $30. The processing fee must either be paid by your check accompanying this application or deducted from your account at the Credit Union when the application has been approved. 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. Your monthly payment will resume on the regular monthly due date after the skipped payment period. The maturity date of your loan will be extended for one month. The skipped payment may result in a larger final payment on your loan. If you have credit life/disability insurance or borrower security on the loan for which a payment is skipped, this insurance will not extend beyond the original maturity date of the loan. All other terms and conditions of your loan will remain unchanged.

Only one Skip-a-Payment request will be approved within a rolling 11-month period for a loan. Borrowers must be within the 10-day grace period in order to use the Skip-a-Payment Plan. Your application must be received no later than the end of business on day 10 of the grace period.

*The Skip-a-Payment Plan is not offered on 1st mortgages, home equity loans and lines of credit (LOCs).

Download the form