Exciting News! Skip-A-Payment just got better!
Now you can skip up to TWO payments per year—any time YOU choose!
More flexibility. More freedom. More ways to fit your financial needs.
To complete a Skip-A-Payment request, this form must be submitted at least two weeks before the due date. Need some extra cash? You can now apply for Skip-A-Payment up to twice a year. Some restrictions may apply.
Ask for details. Fee per loan will be $25.00
To skip a VFCU loan payment, you must meet the following requirements:
- Loan must not be over 10 days past due
- 3 consecutive monthly payments must be made
- Accounts may not be negative for more than 30 days
- Auto loans must have full coverage insurance
- $25.00 fee per loan must be in the account when a skip is submitted
The Following Loans Do Not Qualify:
- Single payment loans
- Workout loans/Extensions in the last 6 mos.
- Balloon Loans
- Home Equity or Lot Loans
- Loyalty Loans
- Master Card
Skip-A-Payment Today
Valley Federal Credit Union reserves the right to alter your selection if the payment for the period list has already been made. Payments already made, including payroll payment, will not be reversed. All other loan terms and conditions, as per your note and disclosure statement will still apply. Valley Federal Credit Union reserves the right to not process your skip payment if something has occurred which we believe may substantially reduce your ability to repay what you owe.
You will be responsible for the accrued interest as a result of the skipped payment
*** Must be submitted 2 weeks before due date***
Skip payment may not be requested more than 30days prior to due date
