Christmas Skip a Pay 2019

What is Skip a Pay?

    At Complex Community Federal Credit Union, we live by the truth of people helping people and empowering the community to follow through with that same commitment as well. Skip-a-Pay is a service by Complex Community Federal Credit Union which allows members to request to skip a monthly payment for the month of December. The payment is instead added to the end of a loan, essentially extending the life of the loan by one month. The Skip a Pay campaigns help us fund things like scholarships, donations, and community projects. Every dollar donated is poured right back into the community. Join us in the legacy and Skip a Pay to give back!

Which loans are eligible?

    Auto loans, recreational loans, and personal loans that have not had Skip-A-Pay applied to them within the last year are all eligible for Skip-A-Pay. This includes boat loans, RV loans, 4-wheeler loans etc. However, home loans, Christmas loans, credit cards, and other lines of credit are not eligible.

When should I request Skip a Pay?

    In order to have your Skip-A-Pay request processed before your loan payment is due, please submit your skip request ten (10) business days in advance of the scheduled payment date. Example: If your next loan payment is due on December 20th, you would need to submit your request no later than December 10th.

Please Note: Excludes Mortgages, Mobile Home, Real Estate and Home Equity. Loans where the member is receiving credit disability claims are also excluded. Interest will continue to accrue on all outstanding loan balances. All loans must be current and all payments must have been paid on time in 2018 & 2019. Your payroll deduction will not be interrupted; funds will remain in your account for your withdrawal. On new loans, at least six full payments must have been made to take advantage of payment deferral. Participating in the Skip-A-Pay program will extend your
loan terms and can effect future GAP claims. We must receive this form 10 days before your loan payment’s due date.