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Credit Union West
Routing Number: 322172153
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Skip a Payment

 

We're Here to Help


We understand that there may be instances where you or your family may be facing financial difficulties in this uncertain time.
 
Our Skip-a-Pay option may be able to help:
  • The processing fee is waived for the first two skip payment requests1
  • Request a Skip-a-Pay up to three times in a rolling 12-month period
  • You may request two back to back Skip-a-Payments
  • 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 5 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 
 
 
 
 
 
 
 
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If you need assistance with your personal, auto, RV, or motorcycle loan, you may qualify for a Skip-a-Payment:¹
 
 
 
 
Or skip in Mobile or Online Banking for Faster Processing.
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If you need assistance with your Business Loan, Credit Card, Credit Reserve, Home Equity Loan, Home Equity Line of Credit, or Signature Line of Credit, you may qualify for a loan extension
 
 
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If you need assistance with your Credit Union West Mortgage, serviced by Midwest Loan Services, please get in touch with us:²
 
 
 
 
Or call 800.262.6574.
 
 


 
 


Instant Answers for Skip-a-Pay

 
Is there a fee for Skip-a-Pay?
 
There is no processing fee for your first two (2) skip-a-payment requests in a rolling 12-month period, thereafter a skip-a-payment fee will be processed as per the Credit Union’s Fee Schedule, for each additional request.
 
When can I request a skip?
 
All requests must be received at least 5 calendar days before payment is due. All loan payment requests cannot exceed 15 calendar days after the due date.
 
Can I skip three payments in a row?

No. A skipped payment can now be submitted twice consecutively on a given loan, but you will need to wait 30 days 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 5 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 are not eligible for Skip-a-Pay.
 
Can I get alternative assistance?
 
Yes. You may submit a request for a loan payment extension on the following loan types:
  • Business Loan
  • Credit Card
  • Credit Reserve
  • Home Equity Loan
  • Home Equity Line of Credit
  • Signature Line of Credit
Or if you need assistance with your Credit Union West Mortgage, serviced by Midwest Loan Services, send us an email or call 800.262.6574.
 
Alternative Member Assistance may be available to you during the COVID-19 crisis. 
 
 
 
 
 
 
¹ The first two skip-a-payment processing fees will be waived in a rolling 12-month period, thereafter a skip-a-payment fee will be processed per the Credit Union’s Fee Schedule, for each additional request. You may now 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.
² 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. Program subject to change.