Skip-a-Pay

We know life can be unpredictable, and sometimes you need a little extra flexibility.

What is Skip-a-Pay?

Skip-a-Pay is a program that allows eligible members to defer a qualifying loan payment, providing temporary relief when you need it most. By participating, you can free up cash for other priorities—whether you're managing unexpected expenses, adjusting to changes in your budget, or working toward financial goals.

How Does Skip-a-Pay Work?

To take advantage of Skip-a-Pay, all signers on the loan will need to complete and submit a request form to the credit union for approval. If approved, you can skip one payment per qualifying loan and resume regular monthly payments the following month. If your skip-a-pay request is denied, you will be notified and will be responsible for making your loan payment.

You can skip up to two non-consecutive payments per rolling calendar year, and up to six skips over the life of your loan. Keep in mind twelve full monthly payments must first be made and certain loans are not eligible for this program. Additionally, if you have automatic payments set up to be paid from another financial institution or through e-Tran online banking, you’ll need to cancel the skipped payment.

Important Considerations

  • While your payment is deferred, finance charges will continue to accrue based on the terms of your original loan agreement.

  • Skipping a payment will also extend the term of your loan by one month for each skipped payment.

  • All other terms and conditions of your original loan will remain unchanged.

For questions regarding this program or to request a Skip-a-Pay form contact one of our credit union representatives at 610-820-0145.

  • Must be a member in good standing and offer is subject to approval. Skip-a-pay forms will be accepted 1/2/2026-1/31/2026 to skip a qualifying loan payment in January or February 2026. The $30 processing fee per loan will be deducted from your LVECU checking or savings account. If your loan includes optional Guaranteed Asset Protection (GAP), please refer to those disclosures. GAP may expire on the original loan maturity date and may affect your coverage. Not eligible on Mortgages serviced by Midwest Loan Services and State Financial Network, Home Equity Lines of Credit, Personal Lines of Credit, VISA® Credit Cards, Seasonal Loans, Classroom Loans, Better Choice Loans. Other exclusions may apply.