Skip A Payment
Take a Vacation from Your Loan Payment
Would you like a little extra cash on hand this summer? Skip your July, August, or September loan payment.
There is a low $20 processing fee per loan. The fee will be donated to the Federated Employees Credit Union Scholarship Fund. We’ll deduct the fee from your Share Savings or Checking Account for you, or you can enclose a check with your request. Your payment will be deposited into your Share Savings Account if you make your loan payment with Payroll Deduction or Direct Deposit. You are responsible for stopping a payment through Bill Pay or the Online Loan Payment Tool.
Skipping a payment is easy and convenient! Just complete the form and mail, fax, or bring it to us in person.
*Excludes Credit Cards and Student Loans. Interest will continue to accumulate on your loan during the month you skip.