Skip-A-Pay

Skip a payment … not your plans

When life gets busy or expenses pop up, Skip-A-Pay gives you a little breathing room. This program allows eligible members to skip one monthly loan payment and use that cash for what matters most.

Skipping a payment moves your due date forward and extends your loan term. Interest will continue to accrue during the skipped month, so Skip-A-Pay is best used as a short-term cash-flow solution.

How Skip-A-Pay works

• You request to skip one monthly loan payment

• Your loan payment is deferred to the end of the loan term

• Interest continues to accrue during the skipped month

• A processing fee applies for each skipped payment

Skip-A-Pay does not erase a payment — it simply postpones it.

Eligible loans

Skip-A-Pay is available on the following consumer loan types:

• Auto loans

• Personal loans

• Share-secured loans

• CD-secured loans

Eligibility requirements

To qualify for Skip-A-Pay:

• Your loan must be at least 12 months old

• You must be current on all loans and credit cards with TCAFCU

• Loans cannot be modified or in a hardship program

• First payment loans are not eligible

• Requests must be submitted at least three business days before your due date for ACH or externally paid loans

Availability is subject to review and approval.

Fees & limits

• $30 processing fee per skipped loan payment

• Fixed-rate consumer loans may be skipped once per calendar year, up to three times over the life of the loan

Fees must be paid at the time your request is submitted.

How to request Skip-A-Pay

1. Complete the Skip-A-Pay request form

2. Submit your request for review

3. Once approved, your payment will be deferred and your loan due date updated

Skip-A-Pay Form Skip-A-Pay e-Document

Is Skip-A-Pay right for you?

Skip-A-Pay may be helpful if:

• You’re managing unexpected expenses

• You need short-term cash-flow flexibility

• You want to free up funds for seasonal or one-time needs

If you’re looking for longer-term payment assistance, our team can also help you explore other options.

Need help deciding?

Skip-A-Pay isn’t the right solution for every situation. Our lending team is happy to review your options and help you decide what makes the most sense for you.  Call 610-326-3705, option 5.  Or stop by any TCAFCU branch

Skipped payments may not be covered if a claim is submitted under a GAP policy or debt protection program. This offer may be withdrawn at any time and additional restrictions may apply. Not all members will qualify.

Eligible members may skip one month’s loan payment (or payments totaling one month, such as weekly or biweekly payments), provided all loans and credit cards with TCAFCU are current at the time of request. Skip-A-Pay is available on eligible consumer fixed-rate loans, including signature loans, auto loans, share-secured loans, and CD-secured loans.

Skipped payments are permitted once per calendar year, up to a maximum of three times over the life of the loan. The loan must be at least 12 months old. Skip-A-Pay is not available on loans that have been modified due to hardship or for the first payment on any loan.

For loan payments deducted from another financial institution, TCAFCU must receive the Skip-A-Pay request no fewer than three (3) business days prior to the loan due date.