Skip Your Winter Loan Payment

Feeling the holiday budget pinch? Don't worry, we've got a solution for you! Priority TrustCredit Union is excited to present our Holiday Skip-A-Pay! This holiday season, give yourself the gift of financial ease by choosing to skip your loan payments for December 2024. It's our way of helping you enjoy the season to the fullest!

Here's how it works:

  1. Complete the Skip-A-Pay Request Form
  2. Choose a payment option. There is a $35 processing fee for each loan skipped. (Fee must be paid before your skip request will be processed.)
  3. If you wish to skip your December payment, the request is due by November 29th.

It’s really that simple!

When approved, we’ll move your loan due date forward by one month. If your loan payments are automatically deducted, your regular payment amount will be deposited into your share account. If you’ve scheduled a payment through another financial institution, please remember to cancel it for the deferred month. Interest on your loan will continue to accrue at the rate originally stated, and the maturity date on the loan may be affected. Your normal payment schedule will resume the following month.

Please submit your Skip-A-Pay request only once. Multiple submissions will cause delays in processing your Skip-A-Pay request. If your submission is incomplete or denied, a credit union representative will contact you.

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Step 1 of 2

Name*
Payment Processing*
Please select the PTCU account you’d like to use to pay the $35 fee for each loan skipped. (Funds will be taken from your PTCU account. If funds are not in your PTCU account, it may cause a delay or failure to process.)
Requested Loan*
Loan ID
Loan Balance
 
Click the + to add more loans you’d like to skip, up to 4 loans.
Authorization*

By submitting this form, you authorize Priority Trust Credit Union to extend your loan term by one month. Interest will continue to accrue on the loan balance during the deferred payment period. This deferral is only available for loans in good standing that have been open since August 1, 2024. The following loans are not eligible for a payment skip: share secured loans, certificate loans, seasonal/holiday loans, mortgages, home equity loans or lines of credit (HELOC), home improvement loans, credit cards, Plus More loans, and Rate Genius loans. If your loan payments are automatically deducted, the payment amount will be deposited into your share account for the skipped month. For bill pay users, it is your responsibility to cancel the payment for the deferred month.A non-refundable fee of $35 per loan skipped is required at the time of submission. Applications without payment will be denied. Additional Terms: Skipped payments will not alter the original terms of your loan, and monthly credit insurance/debt protection charges will continue to accrue. The number of payments skipped is determined by payment frequency (e.g., weekly, bi-weekly, monthly). Skipped payments may not be consecutive, and you may only skip a payment on the same loan twice in a calendar year. Loans paid through disability insurance or debt protection are ineligible for this program.