SKIP-A-PAYMENT

 Skip-A-Payment Twice A Year!

For those times when you need to free up some extra cash, you may skip your loan payment up to TWO times per calendar year. If you have more than one qualifying loan, you may request to Skip-A-Payment on each loan.

Two women sitting on couch laughing while using the computer

Skip your payment instructions:

  1. Complete the Skip-A-Payment Amendment form. Please note, both the primary member and co-borrower/co-signer (if applicable) MUST sign the form.

  2. For each loan payment you choose to skip, the processing fees are as follows:

    • FREE for the first skip, per loan, per calendar year

    • $25.00 for the second skip, per loan, per calendar year. Skip-A-Payments not approved will not incur a processing fee

  3. Enclose a check for the total amount due or complete the authorization to deduct the fee from your account.

  4. All request forms must be received at least five days before payment is due but no more than 30 days prior to the due date.

Mail your form and payment/authorization to:

Our Community Credit Union
Attn: Skip-A-Payment
PO Box 1670
Shelton, WA 98584

Ask us today about secure digital options for delivery! If you are authorizing us to deduct the fee(s) from your account, you may fax this form to the OURCU Contact Center at (360) 427-3416.

*Skip-A-Payment Agreement Processing Fee: Your first Skip-A-Payment is FREE per loan, per calendar year. A fee of $25.00 is due and payable upon execution of the second skip-a-payment. Processing fees will be returned to anyone not eligible to participate in this offer. In order to skip your payment all loans and accounts must be current and in good standing at the time we receive your request, and your loan must have been opened more than 6 months ago and we must have received 6 months of payments regardless of the payment frequency. Note, both the primary member and co-borrower/cosigner (If applicable) MUST sign and return the attached form. The deferral of loan payments pursuant to this agreement will automatically extend the loan maturity date by a corresponding period of time. Deferral of payments will reduce the portion of future payments applied to the principal, which extends the term of the loan. Interest will continue to accrue on your loan as it normally does. Certain restrictions apply and not all loans are eligible for this program. We reserve the right to pull a credit report. Program subject to change.