Gat Familiar with Skip-A-Pay.
You can apply for Skip-A-Pay with Online Banking.
Log into your account on the Chaffey FCU Mobile App or Online Banking portal. Find the “Payments” option, then select “Loan Payment Skip”. You will be prompted to select the loan you wish to skip to begin your Skip-A-Pay application.
Terms and conditions:
This Addendum amends your Loan Disclosure Statement and Agreement regarding your loan payment. By signing, you understand and agree to the following terms and conditions and request that Chaffey FCU extend the due date of your regular payment(s) by one month, for the month indicated on this form. You agree to pay a skip payment processing fee of $20.00 per loan. If there are not sufficient funds in your account to cover the fee, the processing fee will not be deducted and the payments(s) will be due on your loan(s) in accordance with your disclosure statement and agreement. You understand that interest will continue to accrue on your entire loan balance, including the amount of the skipped payment, and that skipping this payment means it will take longer to pay off your loan. CFCU reserves the right to refuse to honor this request if all terms of the disclosure statement and agreement have not been met at the time this addendum is presented. All loan payments must be current to qualify and the membership in good standing. The loan must be at least six months old. All other payment terms of your Loan Disclosure Statement and Agreement will remain in full force and effect. Offer excludes all real estate loans. You may not skip a payment if the skip payment will cause negative amortization on your loan. Payroll deduction will not be interrupted. The funds will remain in your account for withdrawal. We must receive your signed request no later than seven business days before the date of the requested skipped payment. Approval subject to credit qualification. Each loan is allowed a maximum of six (6) skips for the life of the loan.