Need a Month Off?

Need a Month Off? No problem...you can now defer an upcoming loan payment.

  • Introducing Skip-a-Pay

Take a Break, Keep the Cash

We understand that unexpected expenses can arise. That's why we're opening the option to skip a payment to our members, giving some breathing room. Whether it's a medical emergency or unexpected car repair, we've got you covered. With just a few simple steps, you can defer an upcoming monthly payment to get back on track.

About Skip-A-Pay

  • Eligible loan types: Personal Loans, Easy Everyday Loans, New/Used Auto Loans, EV (Electric Vehicles) Auto Loans, Motorcycle Loans, RV Loans, Personal Watercraft Loans, and ATV Loans
  • You may skip your loan payment up to TWO (2) times per 12-month period (cannot be in consecutive months)
  • The loan must be opened for a minimum of 6 months and have 90 days of consecutive timely payments between each skip
  • If you have more than one qualifying loan, you may request to skip a payment using a separate agreement for each loan
  • Agreement to Skip-A Pay must be received at least 3 business days before payment is due and no more than 30 days prior to the due date
  • Processing fee of $25 per request

How to Use Skip-A-Pay

  1. Review the terms and complete the request form below
  2. If your request is approved, complete the Skip-A Pay Agreement provided
  3. Pay the processing fee of $25 per request via your Checking or Savings Account

Terms of the Skip-A Pay Agreement: 

You understand and agree that by completing this Skip-A Pay Agreement and returning it to Suffolk Credit Union, you may be eligible to skip the monthly payment on the loan listed below.   You understand and agree that interest will continue to accrue on your outstanding balance during the skipped payment which may cause the last payment date and the term of this loan to be extended. You understand and agree that if the agreement is not received in time for the Credit Union to process your request, you will hold Suffolk Credit Union harmless for failing to implement your skipped payment request and any resulting damages.  Once an approved skipped payment period ends, you agree to resume making timely payments.  If Suffolk Credit Union does not approve your skipped payment request, your fee will be refunded.  You understand and agree that Suffolk Credit Union may deny your skipped payment request and provide the denial reason(s).

Voluntary Insurance or Warranty Coverage:

You should ensure that skipping a payment does not affect any third-party coverage you may have purchased in conjunction with your loan. Coverage examples include but are not limited to GAP or Vehicle Warranty.  Companies that provide these insurance or warranty services may limit the number of extensions on covered loans, which may include voluntary skipped payments.  You will need to address any questions with those companies and review your policies/contracts directly with them.