December Skip-A-Pay Program
You can add some extra cash to your budget in December by taking advantage of Loan Skip-A-Pay, our offer to you to postpone making one month’s payments on your qualifying* Telcoe loans. Skip-A-Pay is a great way to get extra cash. To take advantage of Skip-A-Pay, there is a per loan processing fee that would need to be paid at the time of submitting your request.
This year's fee for the December Skip-A-Pay Program is $35.00 per loan, with $5 of of each loan skipped being donated to Arkansas Children's Hospital.
Electronic Signature Skip-A-Pay form (for single signer loans ONLY)
The following loans are NOT eligible for Skip-A-Payment
- Delinquent loans and late payment history
- Loans with balances less than $1,000
- Any type of Real Estate Loan (1st Mortgage, Home Equity, or Home Improvement)
- Consolidation Loans
- Accounts not in good standing
- Loans that have not been open for 6 months or more
- Loans with Skip-A-Payments in the last 11 months
By deferring your December payment(s), I/We understand interest will still accrue on the outstanding balance and that by taking advantage of this offer, the final loan payment may be extended by one month. If payments are weekly, bi-weekly, semi-monthly or monthly, the entire month of payments will be skipped. Payments made through payroll deduction drafted from non-Telcoe account or Direct Deposit will be deposited to my savings account for the month. I/We will resume payments as scheduled (the unpaid interest will be collected first), and all the terms and conditions will apply, following the month skipped as indicated above. I/We also understand that by choosing to skip payments on a vehicle loan having a Guaranteed Asset Protection policy that I/We will be responsible to repay to the Credit Union any skipped payments in excess of the policy limitations or expiration date. I/We understand there is a processing fee per loan and is included in the finance charge for the billing statement on which the fee appears causing the APR to exceed the contracted rate. I/We accept that all of my/our accounts with Telcoe Credit Union must be in good standing, The Skip-A-Pay is offered as a courtesy service and is not guaranteed and final approval is at the discretion of the Credit Union.