You must have been paying on the loan(s) for a minimum of 3 months with no delinquency and be a member in good standing. You may choose to skip one month's worth of payments that are normally due in November (one monthly, four weekly, two bi-weekly or two semi-monthly).
You will be charged a $35 processing fee for the skipped payment, and interest will continue to accrue on your loan(s). Cosigners on any loan must also sign the Skip-A-Payment Request. Your loan term may be extended, and other restrictions may apply.* The money for the Skip-A-Payment fee must be available in your account at the time you apply. You may not use a Credit Card to pay this fee.
*This request must be made by October 31, 2018 to skip a payment in November. Your signature authorizes Destinations Credit Union to extend your loan term by the amount of time for the skipped payment(s). By signing this Request, I authorize Destinations Credit Union to extend my loan term beyond the original contract date. I understand that interest will continue to accrue on the unpaid balance. I understand that my payments shall resume in the month following the agreed skipped month. If my payment is made through a payroll deduction, I agree and authorize crediting of the payment to my savings account.