Skip-A-PaymentFor the times when you need a little extra cash for a special purchase, to take a trip or get caught up on bills Securityplus offers a Skip-a-Pay.
For a small fee you can skip up to two non-consecutive monthly payments on your qualifying Credit Union loans, within a 12-month period.*
In order to qualify, your loan must be open for at least 3 months, and all your Credit Union accounts must be in good standing.
To get started, log into Online Banking, click on the ''My Accounts'' tab, and then select ''Skip-a-Pay''.
*Request must be
received at least 15 days before payment is due. If you elect to skip a
payment on your qualifying loan(s), payment(s) will be due beyond the
original maturity date. Interest will continue to accrue on your loan(s)
during the time you skip your payment(s). You may skip up to two
non-consecutive loan payments for each qualifying Credit Union loan
within a 12-month rolling period. There is a $35 non-refundable fee for
each skip-a-pay on loans with balances of more than $1,000, and a $25
non-refundable fee for each skip-a-pay on loans with a balance below
$1,000. Once your application is approved, the processing fee will be
automatically deducted from either your Share Savings or Checking
account. No fee will be reversed. In order to qualify, all your Credit
Union accounts must be maintained in good standing. Loans must be open a
minimum of 91 days. This offer excludes credit cards, first mortgages,
Home Equity Loans, personal lines of credit (PLOC) or business loans.
Other conditions and restrictions may apply. Securityplus reserves the
right to change loan eligibility at any time.