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Credit Union West
Routing Number: 322172153
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Skip a Payment

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We understand that there may be instances where you or your family may be facing financial difficulties. If you have loans in good standing with us, you could qualify to skip a loan payment.



How to Qualify


Our Skip-a-Pay option may be able to help:
  • If you need assistance with your Personal, Auto, RV, Boat, or Motorcycle Loan
  • Request a Skip-a-Pay up to two times in a rolling 12-month period¹
  • The fastest way to complete a Skip-a-Pay request is through Online or Mobile Banking. Learn How

You are allowed to skip the next loan payment under the following conditions:
  1. The loan must not be a workout loan
  2. The next payment due date on the loan must be at least five calendar days before the payment is due
  3. All loan payment requests cannot exceed 15 calendar days after the due date
  4. The loan must exist for at least 30 days and one full-payment processed 


Instant Answers for Skip-a-Pay


Is there a fee for Skip-a-Pay?
 
A skip-a-payment fee will be processed as per the Credit Union’s Fee Schedule for each skip request.

When can I request a skip?

All requests must be received at least five calendar days before payment is due. All loan payment requests cannot exceed 15 calendar days after the due date.

Can I skip two payments in a row?

No. A skipped payment can not be submitted consecutively on a given loan. You will need to make at least one payment on your loan before requesting another skip.

How does skipping affect finance charges?
 
On qualifying loans, interest will continue to accrue during the waived payment period which will result in the term of the loan being extended.

How do I qualify for Skip-a-Pay?

You are allowed to skip the next loan payment under the following conditions:

  • The next payment due date on the loan must be at least five calendar days before the payment is due.
  • All loan payment requests cannot exceed 15 calendar days after the due date.
  • The loan must exist for at least 30 days and one full-payment processed.
 
Which loans do not qualify for Skip-a-Payment?

Workout Loans, Mortgage, Home Equity Loans, Home Equity Line of Credit, Credit Card, Credit Reserve, Certificate/Share Secured Loans, and Business Loans are not eligible for Skip-a-Pay.





¹ A skip-a-payment fee will be processed per the Credit Union’s Fee Schedule, for each skip-a-payment request. You may not request two back to back skip a payments. If you have more than one qualifying loan you may request to skip-a-payment on each loan. Processing fee will be returned to anyone not eligible to participate in this offer. In order to skip your payment, all loans and accounts must be current and in good standing at the time we receive your request, and your loan must have been opened for at least 30 days and one full-payment processed. The deferral of loan payments pursuant to this agreement will automatically extend the loan maturity date by a corresponding period of time. Deferral of payments will reduce the portion of future payments applied to principal resulting in a larger final payment, or negative amortization. Interest will continue to accrue on your loan as it normally does. The number of Skip-A-Payments in a rolling 12-month period is limited to a maximum established by the credit union and may be subject to change. Certain restrictions apply and not all loans are eligible for this program. In some instances, it may be required that the member authorize having a credit bureau pulled for review. Subject to credit qualifications and performance. Program subject to change.