Skipping a loan payment can be helpful during the holidays or when unplanned expenses pop up. Sunward allows members in good standing to skip payments on auto loans, signature loans, CreditLines, and savings-secured loans twice within a rolling 12-month period.
Your payment frequency determines how many payments you can skip with a single Skip-a-Payment request.
- A monthly schedule will skip a single payment.
- A biweekly* or semimonthly schedule will skip two payments.
- A weekly schedule will skip four payments.*
Requests can be made online at slfcu.org/SkipAPay, or by using the Additional Services widget in online and mobile banking.
A $25.00 fee applies to each skip-a-payment request.
*Since several months have five weeks, please be prepared to make your next loan payment on the fifth week.
