Skip-a-Pay with ALLIANCE and use the funds from your payment for something else!

Expenses can surprise you. At ALLIANCE Credit Union, we offer “Skip-a-Pay” to help you put a little extra money in your account for any needs or wants.

• Skip a payment on your auto or personal loan after making three consecutive on time payments.
• Each member is eligible for two loan extensions per calendar year. Loan extensions cannot be consecutive.
• I understand that if this payment extension is approved, there is a $55.00 processing fee for Auto, RV, Motorcycle, and Boat loans; and Signature, Share Secured, and Certificate Secured loans will incur a $35.00 processing fee. Processing fees will be applied to the principal loan balance of the note.
• Only the loan types listed above are eligible for a skipped payment. Mortgage loans, HELOC’s, credit cards, revolving lines of credit, and business loans are not eligible for a skipped payment.

By signing, I am agreeing to the following terms and conditions:
1) I give ACU permission to advance the due date of the above loan by one month.
2) I agree that the finance charges will continue to accrue during the month that my payment is skipped; and
3) I agree that this may result in a longer term than is stated on my original documentation regarding the loan. All other terms and conditions of the original loan agreement will continue to apply, and my regularly scheduled payment agreement will resume after the requested payment is skipped.

Not all members qualify. Skipped payments will not be allowed if any loan with ACU is delinquent and/or for loans that have had an extension or late fee in the last 3 months of payments for either the borrower or co-borrower.

Each loan is eligible for no more than two skips per year.

Only the loan types listed above are eligible for a skipped payment. Mortgage loans, HELOCs, credit cards, revolving lines of credit, and business loans are not eligible for a skipped payment.