Skip-A-Payment

Skip on Your Own Terms

Request to Skip-a-Payment

Simply submit your Skip-a-Payment request in one of the following ways:

• Through online banking or the mobile app
• By completing a paper application in-branch

Skip Your Payment Online

How It Works

• Processing Fee: Skip a payment for $28 per loan when you submit your request through online banking or the mobile app, or $35 per loan when you apply in a branch. The processing fee will be deducted from your Meritus CU savings or checking account, or you may pay by check.
• Interest Continues: Interest will continue to accrue during the month you skip your payment.
• Automatic Payments: If your payment is scheduled through online or mobile banking or by ACH from another financial institution, remember to pause it for the month you skip.
• Approval Required: All Skip-a-Payment requests are subject to approval.

*Participants authorize Meritus Credit Union to extend their final loan payment by one month. You must resume making your regular payments the month following your skipped payment. Interest will continue to accumulate on your loan during the month you skip your payment. Excludes all real estate loans, Momentum loans, lease-like loans and Visa® credit cards. If you have chosen GAP coverage on your loan and choose to take advantage of the Skip-a-Payment promotion, your coverage may be affected. Only two Skip-a-Payments are allowed per year per loan and may not be consecutive months. All loans and deposit accounts must be current to qualify. First month’s loan payment may not be skipped. Insured by NCUA. Equal Housing Lender.