Skip a Pay
Looking for a little extra cash? You can skip a payment on your qualifying Neighbors FCU loan(s).
A $30 processing fee per loan will be deducted from your primary Share Savings Account (funds must be available in your Share account before the request is processed). If your payment is automatically drafted from an institution other than Neighbors FCU, your payment will still be drafted and will be deposited into your NFCU Share account. Interest will continue to accumulate on your loan during the month you skip your payment. All loans/accounts must be current and in good standing to qualify.
Your Skip-a-Pay request must be submitted within 60 days of the month you wish to skip.
Enrolled in online banking? You can submit your request and if you qualify, process your skip immediately. Just log in to your account to get started.
Not enrolled in online banking? Verify you have the $30 processing fee available in your primary share account, fill out the form below to let us know which loan(s), the month in which you would like to skip, and you are all set!
*There is a $30, non refundable, fee per loan for deferring your payments. This fee(s) must be available in your savings or checking account prior to the skip request being submitted. If your request to defer your loan payment(s) is approved, no late fees will be charged. For loans with repayment schedules due monthly, one payment will be skipped. For bi-weekly repayment schedules, two payments will be skipped. For semi-monthly repayment schedules, two payments will be skipped. For weekly repayment schedules, four payments will be skipped. Your payment(s) will resume subsequent to the skipped payments on the next regularly scheduled payment date. Loan interest will continue to accrue and will be collected when payment(s) resume. Any automatic loan payment received during the skip period will be deposited into your share account and will be available to you for withdrawal. Skip-a-Pay applications submitted to Neighbors FCU in whole or in part that are illegible or incomplete may not be processed. If you have Credit Life and/or Disability, GAP Insurance or Warranties on any loan on which you are deferring any payments, it may affect your coverages (Please check with your coverage provider to determine). To qualify for deferment your loan must be at least 6 months old, you must be current on your loan payments, and have a positive balance in all of your Neighbors FCU accounts (primary or joint accounts), including your $5 minimum share balance. This offer is available on most closed-end, consumer loans. This offer is not available on 1st Mortgages, Unsecured Lines of Credit (ULOC), Home Equity Lines of Credit (HELOC), Fixed Rate 2nd Mortgages, Deposit-Secured, Commercial (Business) Loans and Credit Card Loans. No more than 2 Skip-a-Pays are allowed per loan in a rolling 12 month period.