Take a vacation from your loan payment — whenever YOU CHOOSE! As a borrower with United Educators Credit Union, you have the option to skip up to two payments per loan in a 12 month period. If you have more than one loan, you can request to skip a payment for each. Your credit standing with United Educators Credit Union will not be affected and you'll have the extra money you need, when YOU need it!
How to Get Started
- Log in to our online banking portal
- Click on the "skip pay" link under the Credit & Loans menu
- Select your loan (or loans)
- Electronically agree to the terms
- Pay the applicable processing fee
Available all year round, members with an eligible loan may choose up to two payments per loan in a 12 month period*.
The following loan types are eligible for skip pay:
- L3 Furniture and Appliance
- L4 Unsecured
- L5 Watercraft
- L8 Miscellaneous Secured
- L20 New Vehicle/RV
- L21 Used Vehicle/RV
- L22 Recreation Vehicle/Camper Loan
- L26 Boat/RV
- L80 New Automobile
- L81 Used Automobile
- L82 Misc Secured Loan
Your loan account must be open for at least 60 days and the loan balance less than $50,000. Only primary borrowers are eligible to initiate a skip payment.
Please note if your ACH/Electronic Payment is due within 5 days or less OR if your ACH Electronic Payment has been sent less than 3 days ago, you will have to wait until your next month to skip.