Skip A Payment

Credit Union West tools and resources

You don't have to worry about being short on your budget this month. As a Credit Union West member, you may skip your loan payment up to two times per 12 month period. For your convenience, you can choose the months that work best for you (back-to-back payments are excluded). If you have more than one qualifying loan you may request to skip a payment on each loan.

To skip your payment:

  1. All borrowers must sign
  2. Pay processing fee*
  3. All request forms must be received at least 5 days before payment is due but no more than 30 days prior to the due date.
Online Form

Note: Must have access to
email to complete online form
Download PDF



Which loans do not qualify?

  • Mortgage and Home Equity Loans and Lines of Credit
  • Credit Card
  • Credit Reserve
  • Certificate/Share-Secured loans
  • Business loans
  • Currently delinquent loans or negative deposit account balances
  • Accounts with unpaid fees
  • Back-to-back payments cannot be skipped (i.e., Dec and Jan)
  • Loans open less than 6 months

If you are authorizing us to deduct the fees from your account, you may fax this 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. Other conditions and restrictions may apply.

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.

*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, both the primary member and co-borrower/cosigner (if applicable) MUST sign and return the attached form. 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.