Skip-A-Payment* Not The Fun!
With TruEnergy Federal Credit Union, you can skip your December loan payment to free up funds for the things you want to do!
What loan types are eligible to skip?
- Personal Loans
- New and Used Auto Loans
- Overdraft Protection Loans
- New and Used Boat Loans
- Recreational Vehicle Loans
- ATV Loans
- Stock or Share Secured Loans
What loan types are NOT eligible to skip?
- First Mortgages
- Second Mortgages
- HELOC
- Visa® Loans
- New Start Loans
Is there a fee to use Skip-A-Pay?
YES, there is a $30.00 per loan fee to utilize Skip-A-Pay.
Can I use Skip-A-Pay more than once?
Members are welcome to use Skip-A-Pay once a year, on multiple eligible loans. Contact TruEnergy FCU for further information.
*Must be a member in good standing with all loans current (less than 15 days past due) to participate. This signed Skip-a-pay form must be received three calendar days prior to the applicable loan due date. May skip on the following eligible loan types: New and Used Auto, New and Used Boat, Recreational Vehicle, ATV, Personal, Overdraft Protection and Stock or Share Secured Loans. Not offered on Visa®, New Start, HELOC, Second Mortgage and First Mortgages. If you elected GAP and/or Credit Life/ Disability, the coverage will not be extended beyond the original maturity date. Interest Charges will continue to accrue on a daily basis at the Annual Percentage Rate set forth in loan agreement, both during and after the deferral period. This means that this deferral of scheduled payments will result in higher total Interest charges and possibly a higher total number of payments than originally scheduled. In all other respects, the provisions of original agreement remain in full force and effect. Borrower agrees to contact the Credit Union for exact payoff information. Borrower will resume making scheduled payments beginning with the payment due during the month following the deferral and will make all scheduled payments due thereafter. All payments will be applied first to Interest Charges and then to principal. Skipped payment cannot be applied to first loan payment.
