Skip-A-Pay | Superior Credit Union
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Several restrictions may apply:

  1. This offer entitles borrowers in good standing during the current year to skip two months of one loan payment. Skip Payment requests will not be accepted if the account is past due or exceeds maximum interest rate allowances.

  2. All other terms and conditions of the loan, including the note rate and collateral security for the loan, will remain in full force and effect.

  3. Skipping payments will delay the scheduled reduction of the principle balance on your loan and as a result will increase the total finance charge on your loan. The maturity date of your loan will be moved back two months. Each member opting to use Skip-A-Pay will be required to sign a form stating that they have been disclosed the new APR and payment schedule.

  4. Your final payment will equal the amount of the skipped payment plus accrued interest and fees (if applicable).

  5. We will skip the two payments you desire, depending on when the request is received. Eligible months are payments for November, December or January.

  6. Mortgage, Home Equity and Student loans are not eligible for the Skip-A-Pay program.

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