Your Credit Union is here to help make your holidays a little merrier and stress-free with our Winter Skip-a-Pay program.
For $25 per loan, you can skip your December or January payment (either one monthly payment or two bi-weekly payments)* on any qualifying Credit Union loan. For a complete list of loans that qualify for the Winter Skip-a-Pay Program, visit www.edfed.org/skipapay.
The holiday season can be stressful and bills can put a strain on your winter budget, so let your Credit Union help you enjoy your holidays.
*The Winter Skip-a-Pay Program is available between 11/1/2020–1/28/2021. Program only applies to auto, boat, motorcycle/RV, computer, personal signature, share secured, share certificate, summer bridge, hurricane assistance and payday loans and personal lines of credit. To qualify, the loan must be in good standing with no history of delinquency in the past 60 days. Loan skip requests must be submitted at least three (3) days prior to the loan due date. Borrowers may elect either December or January as their winter skip period. For loans with monthly payments, the borrower will skip one payment. For loans with bi-weekly or semi-monthly payments, the borrower will skip two payments. During the winter skip period, interest will continue to accrue on the loan but late payment charges will not be imposed. Participating in the Program will extend the terms of the loan and will increase the total amount of interest paid on the loan. The fee for participating in the Program is $25 per skipped loan. |
