Skip-A-Payment
What loan payments can I skip?
You can skip the payment for one month on any consumer** loan(s) in good standing,*** including your Visa Credit Card. This offer applies to loans with at least 12 months of on-time payments. Only one skip application per loan will be approved in any twelve-month period.
How do I sign up?
Simply complete a Skip-A-Payment Application and return it to SVFCU at least one week prior to the scheduled due date. We cannot accept requests by phone or by e-mail. If your loan is paid via direct deposit, your payment will be deposited to your savings or checking account.
What is the fee?
The processing fee is $20 per skipped payment for loans with monthly payments $75 or less, and $40 for higher monthly payments.
Or contact member services for more information.
*APR = Annual Percentage Rate
**Offer excludes first mortgages, home equity, AutoSavers and student loans. Other restrictions may apply.
***To be in good standing, the loan, must be current and have a history of on-time payments. Approval is at the credit union’s discretion based on factors including, but not limited to, collateral protection insurance history (if applicable).
