Summer Skip A Pay.
It’s the easy way.
As a valued member of Security Credit Union, let us help you stretch your budget by skipping your July OR August 2023 loan payment(s). The Processing Fee for this special offer is just $50 per loan. Use the extra money for the perfect gift, travel expenses or any other plans this holiday. To see if you are qualified, you can apply through online banking, visit a branch or call us at 810-235-2322.
In order to be eligible to participate in the Skip-A-Pay program, loans must have an open date prior to six months from request with all payments current and no collection action pending. Skipping one or more payments will extend the term of the loan and interest will continue to accrue. Entire outstanding principal and interest of loan must still be paid in full and monthly payments must be made after the original maturity date until all principal and interest is paid in full. All pledges of security shall remain in effect until the loan is fully repaid. Regular payment will be due on the scheduled payment due date of the following month. Any payment protection, credit life and/or credit disability insurance may not extend beyond the original maturity date of the loan. When applicable, check with GAP insurance carrier to determine how Skip-A-Pay may affect coverage. This offer excludes first mortgages, home equity line of credit loans, overdraft loans, unsecured line of credit loans, and EZ Payment Auto Loans. Maximum two (2) skip a payments/deferrals per loan in a twelve (12) month period. Approval is not guaranteed and is at the discretion of Security Credit Union. Some restrictions may apply.