Summer Skip-A-Pay

Relax and enjoy your summer vacation and other fun-in-the-sun activities!

Summer is just around the corner and you’re probably wishing you could take the money normally put into your monthly credit union loan payment and use it for vacations, kid’s summer camp, home and garden projects, or a new BBQ grill.

AFFCU’s Summer Skip-A-Payment can let you do just that! As a valued AFFCU member, you may be entitled to skip your June, July or August payment on your AFFCU loan.

Ready to Give Yourself a Gift This Summer?

Apply for Summer Skip-A-Pay to skip one or more of your eligible loan payments. It’s so simple! Here’s how:

  • Login to your account via CyberMAT Home Banking, click on the ad on the right-hand side, complete the form and submit. It’s done!

Terms and Conditions

All requests are subject to approval.

Your loan(s) must be in good standing: Not delinquent, we must have up to date insurance information with AFFCU listed as loss payee, not awaiting documents to complete title work, etc. If the previous month’s payments are not complete you may still be approved; however, the due date change will not be completed until all the previous month’s payments are made.

Eligible loans are those loans that have made a minimum of four (4) full monthly payments with a satisfactory payment history. The following loans are NOT eligible for Skip-A-Pay: VISA®Credit Card, Redi-Credit Line of Credit, Mortgage, Home Equity, Home Improvement, Real Estate, Single Payment, Lease Loans, PAL (Payday Alternative Loans), Bridge and Courtesy Pay Loans.

This offer is valid for one monthly payment due in June or July or August only.

In the month you choose to skip, the Summer Skip-A-Pay is equal to:

  • One payment for monthly payment frequency
  • Two payments for semi-monthly and biweekly payment frequency
  • Four payments for weekly payment frequency

Therefore, you may still have a payment due in the month depending how your payments fall.

Requests should be received at least 10 days prior to your due date in the month that you wish to skip.

Requests received after 10 days prior to the due date may not be approved without requiring additional paperwork. We must receive all requests in time for us to reasonably act upon the request. We are not responsible for payment(s) processed where we did not have time to reasonably act upon the request.

Important: If you have GAP coverage on your vehicle loan, please review your GAP contract closely as it may not cover skipped payments.

There is a $25.00 processing fee per request. The $25.00 will be charged to the loan you request to skip, whether it is approved or denied.

By signing the Summer Skip-A-Pay request or agreeing to the terms through CyberMAT, you understand that finance charges will continue to accrue on a daily basis and your authorization amends the original loan agreement, which may change the total loan amount and schedule of your payment.