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Skip-a-Payment on Select Loans

Skipping a loan payment can be helpful when unplanned expenses pop up or during high spending months, like the holidays. You can skip a loan payment* on select loans and resume your regularly scheduled payments thereafter.

Take Advantage of an Extra Skip-A-Payment

Now through January 15, 2025, you can take advantage of an extra skip-a-payment request on select loan types -- even if you've already made two such requests within the last 12 months.*

Your payment frequency determines how many payments you will 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.**

Sunward allows members in good standing to skip eligible loan payments twice within a rolling 12 months. However, interest will continue to accrue on your loan. The skip-a-payment benefit is available for auto loans, signature loans and CreditLines, and savings-secured loans.***

Requests to skip a monthly payment can be made by submitting the form below or at any branch and must be received no later than the payment due date. Please note new loans without six months of payment history are ineligible for Skip-a-Pay.

Holiday Skip-a-Payment Terms and Conditions

*Auto loans, signature loans, signature CreditLines and secured loans are eligible for skip-a-pay requests. The additional skip-a-payment offer is only available if you are in good standing and submit your skip-a-payment request form between November 15 and January 15, 2025 for one payment due in November, December or January.

Skip-a-Pay Terms and Conditions: You are requesting to have the Credit Union defer your loan payment. You agree and understand that: 1) A Skip-a-Pay fee of $25.00 will be withdrawn from your selected account; 2) Finance Charges (Interest) will continue to accrue daily at the current rate during the deferral period; 3) deferring this payment will result in you having to pay higher total Finance Charges (Interest) than if you made your payments as originally scheduled; 4) this payment deferral will extend the term of your loan and you will have to make extra payments) after your loan would otherwise be paid off; and 5) you will be required to resume your next regularly scheduled payment Payments can be advanced a maximum of 90 days from the date of the request Payments made after the deferral period will first be applied to interest accrued during the deferral period and then to any additional interest owed and then to principal. If you elected GAP insurance, the coverage may not extend beyond the original maturity date and other restrictions and/or exclusions may apply. Refer to your GAP contract for details. All other terms of your loan will remain in full force and effect.

*For approval, the loan for which a skip-a-payment is requested must have six months or more of payment history on file at Sunward. 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.

***Credit cards, mortgages, Home Equity CreditLines, and single-pay loans are not eligible for skip-a-payment nor are members who already have a loan extension or are enrolled in Sunward’s Fresh Start Repayment Plan.

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Skip-a-Payment on Select Loans

Skipping a loan payment can be helpful when unplanned expenses pop up or during high spending months, like the holidays. You can skip a loan payment* on select loans and resume your regularly scheduled payments thereafter.

Take Advantage of an Extra Skip-A-Payment

Holiday Skip-a-Payment Terms and Conditions

SKIP-A-PAYMENT REQUEST FORM

Skip-a-Payment on Select Loans

Skipping a loan payment can be helpful when unplanned expenses pop up or during high spending months, like the holidays. You can skip a loan payment* on select loans and resume your regularly scheduled payments thereafter.

Take Advantage of an Extra Skip-A-Payment

Holiday Skip-a-Payment Terms and Conditions +

SKIP-A-PAYMENT REQUEST FORM

Holiday Skip-a-Payment Terms and Conditions