Our Skip-A-Payment can help give you extra cash when needed…
Skip-A-Payment allows you to skip a qualifying loan payment. Members can apply to skip (4 ) consecutive weekly, (2) consecutive Bi-weekly or (1) monthly loan payment every 12 months.
Loan Types eligible for a skip are: Unsecured, New and Used Vehicles, Share Secured, New and Used Recreational Vehicles and Secured Loans.
If you are requesting a Skip-A-Payment on a loan that has GAP coverage, please review your GAP contact as you may jeopardize any future GAP Coverage claim in the event of a total loss of the covered vehicle.
All Borrowers/Guarantors who signed original agreement must sign the skip form.
For best results, verify eligibility with a UHS Employees Federal Credit Union representative prior to submitting your Skip-a Payment Form. The first payment may not be skipped. During your Skip-A-Payment month, interest will continue to accrue at the prevailing interest rate. There is a $20.00 fee for each Skip-A-Payment per loan. The fee does not apply towards interest or principal on your loans.
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