COVID-19 RELATED EXTENSION

 

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I/we understand any payment(s) skipped will extend the term of my loan(s), interest will continue to accrue. Loss of Life, Disability and Involuntary Unemployment coverage will also continue. Electing Skip a Pay on loans with GAP coverage may impact the amount of any GAP claim.  Members can only skip one month’s payment per loan.

 

Month to be Skipped:
Loans not eligible for Skip a Pay:
• Line of Credit• Share/Certificate Secured
• Commercial Loans• Mortgage
• Short Term Loans 
*Restrictions may apply to loans with GAP
 

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