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We know that sometimes you need to stretch your budget for unforeseen expenses, tax payments or emergencies. We can help by letting you skip your loan payment – up to twice a year. It’s only $25 and it won’t affect your good credit.
Here's how to skip a payment:
1. Login to BranchLine at left
2. Click on Skip-a-Loan payment
3. Choose any loan that is eligible to be skipped
It's that simple.
Members can skip non-consecutive loan payments up to twice per year, per loan. A $25 fee (FINANCE CHARGE) will apply for each loan payment skipped. The fee must be paid in advance by check or automatic withdrawal from your checking, savings or money market account. Loans with co-signers can only be processed upon receipt of a signed authorization by all parties to the loan. Home equity loans, home equity lines of credit, On the House, consolidation loans, certificate-secured loans, and PowerLine loans are ineligible for Skip-a-Loan payment. Loan must be current and opened six months with good payment history to be eligible. Other restrictions may apply. The interest on the loan continues to accrue, and all other terms and provisions remain unchanged. Your deferred payment(s) plus any additional accrued interest will be paid at the end of your loan.