Take a Holiday from Your Loan Payment!
Skip a payment on your loan this November or December (excluding real estate loans, Momentum loans, lease-like loans and Visa® credit cards). Use that money toward gifts, unexpected expenses, boosting your savings for 2024...or anything!
- Each loan skipped requires a $29 processing fee (can be paid via deduction from your Meritus CU savings or checking account, or you may send a check).
- Interest will continue to accumulate on your loan during the month that you skip your payment.
- If your loan payment is currently made through payroll deduction, the amount of your payment will be deposited into your Meritus CU Share Savings account.
- You will need to cancel your payment for the month you decide to skip if your loan payment is automated through online/mobile banking or via ACH payment from a non-Meritus CU account.
- All Skip-a-Payment requests are subject to approval.
For additional details, review the Skip-a-Payment Request Form.