Skip a payment

Need a little extra financial flexibility?

Some months simply cost more than others. Whether you're preparing for back-to-school season, managing holiday expenses, planning a vacation, or navigating life's unexpected moments, Skip-a-Payment can help create a little extra breathing room when you need it most.

Eligibility Requirements

• Loan must be opened for at least 6 months
• Loan is in good standing
• An HCU deposit account is required for Processing Fee withdrawal
• Request must be submitted at least 10 days before payment due date
• No Skip-a-Payment used within the past 6 months
• Maximum:
  • 1 skip every 6 months
  • 2 skips per calendar year
  • 6 skips total over the lifetime of the loan 
• $45 processing fee per skipped payment

Eligible Loans	Loans Not Eligible
Auto Loans Personal Loans	Mortgages Home Equity Loans (HELs) & Lines of Credit (HELOCs) Business Loans Credit Cards Overdraft Loans Upstart Loans

ready to request skip-a-payment?

Complete and sign the Skip-a-Payment Request Form and return or mail the form to any HCU branch 10 days prior to your payment due date.

download request Form

FAQ

• Will skipping a payment hurt my credit? No, approved Skip-a-Pay requests will not negatively impact your credit as long as your loan is otherwise in good standing.
• Does interest still accrue? Interest continues to accrue during the skipped month, which may increase the total cost of the loan.
• When should I apply? At least 10 days before your payment due date.
• Can I skip multiple loans? Possibly, depending on eligibility and approval.
• What happens to my automatic payment? Members are responsible for suspending and restarting automatic payments if applicable.
• Is every member eligible? Members must be in good standing and meet program requirements.

To request Skip-a-Payment on your HCU auto loan or personal loan, please complete, sign, and return the request form to a HCU branch at least 10 days prior to your consumer loan payment due date. If your request is approved, a $45 Processing Fee will be withdrawn from the HCU deposit account noted on the request form. Members must be in good standing with this loan account, and all other HCU accounts, as applicable (less than 15 days past due in the past 6 months) to participate in HCU's Skip-a-Payment Program. Interest will continue to accrue during the skipped month. Other restrictions may apply.