Skip A Payment

Credit Union West tools and resources
Take advantage of our Skip-a-Pay program and keep more cash in your wallet. Worry less and get more savings!

Note: Must have access to
email to complete online form

Downloadable Form
Our Skip-a-Payment program allows you to skip your Credit Union West loan payment up to 2 times per 12-month period. It's easy to get started. Plus, you may even have more than one loan that qualifies to be skipped.*

Enjoy MORE cash in your wallet.

How to skip-a-payment:

  1. Complete the Skip-A-Payment Amendment. Primary borrower must sign.
  2. Pay processing fee.*
  3. All request forms must be received at least 5 calendar days before payment is due but no more than 30 calendar days prior to the due date.

Make sure you:

  1. Have adequate funds to cover the processing fee.*
  2. Have a Credit Union West loan that qualifies.
  3. Have an account in good standing.
    1. Open more than 6 months.
    2. No delinquent loans and you do not have negative deposit account balances.
    3. No accounts with unpaid fees.
    4. Please note, back-to-back payments cannot be skipped (i.e., Dec and Jan).

Which loans do not qualify?

  • Mortgage and Home Equity Loans and Lines of Credit
  • Credit Card
  • Credit Reserve
  • Certificate/Share-Secured loans
  • Business loans

If you are authorizing us to deduct the fees from your account, you may fax the above form to 602.631.3435. If you use payroll deduction or automatic transfers for your loan payment from a Credit Union West account, the funds, which would normally transfer to your loan, will be available for withdrawal.

If your payment normally originates from another financial institution, contact them to cancel payment for the month you are choosing to skip. If you use Online Banking Bill Pay, you will need to adjust your payment date.

If you are not approved for Skip-A-Payment, you will be notified in writing.

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.

Note: Must have access to
email to complete online form

Downloadable Form

*Skip-A-Payment Agreement Processing Fee: If your loan payment is less than $400, a fee of $25 is due and payable upon execution of the skip-a-payment. If your loan payment is $400 or more, a fee of $40 is due and payable upon execution of the skip-a-payment. Processing fees 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 opened more than 6 months ago. Note, the primary member MUST sign and return the form. Provided you qualify for a Skip-A-Payment, all other borrowers responsible for payment of the loan will be provided notification of the Skip-A-Payment. 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. 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.