Need a break? We've got you covered.
Ever wish you could hit "pause" on your monthly loan payments? With our Skip-a-Pay program, you can.
Members can apply to skip (4) weekly, (2) bi-weekly, or (1) monthly loan payment* every 6 months. Better yet, applying is easy.
Just stop by your local office, fill out a form, or conveniently take care of it right online – and on your mobile device! That's right – simply select the "Skip-a-Payment" option from the "Services" tab in online or mobile banking.
*For best results, please verify eligibility with a Visions Federal Credit Union representative prior to submitting your Skip-A-Pay form. The first loan payment may not be skipped. Credit card payments may be skipped as long as at least 3% of the limit is available. First and second mortgages, home improvement loans, share certificate secured loans, student loans, any purpose signature loans, community solar, and RV loans are not eligible. The Skip-A-Pay program is offered to eligible members with no penalties or late fees and with no adverse effect on your credit. Interest will continue to accrue and, when you make your next payment, more of the payment will be applied to your interest.
If you are requesting a Skip-A-Payment on a loan that has GAP coverage, you understand that you may jeopardize any future GAP claim in the event of a total loss on the covered vehicle. Please refer to your GAP contract for further details or speak with a loan representative for further information.
Limit of two Skip-A-Payments in a 12-month period.
ALL Borrowers/Guarantors who signed original agreement must sign the form.