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SKIP-A-PAY

Winter Skip a Payment

Add a little extra padding to your holiday budget. Skip a Payment Today!

As a valued member of Emery Federal Credit Union, you are entitled to skip a payment on your loan(s) once during a calendar year. The best part is there is no out-of-pocket expense to you! It’s simple to take advantage of this offer; simply indicate your account and loan number for the loan(s) and month you would like to skip, and we’ll take care of it for you. If your payment is made by payroll deduction, your money will be put into your savings or checking account. NOTE: If you were part of our COVID-19 90-Day Extension program, you are NOT eligible to skip a payment until one year after the extension was made.

There is a $40 processing fee per loan to take advantage of this offer. This fee will simply be added to your loan balance. Loan interest will continue to accumulate during the month you skip your payment.

This offer excludes first mortgages, lines of credit and credit cards. All loans considered must be current and members must have made at least one full monthly payment to be eligible.

Begin Your Skip-a-Pay Online Form

Mail to:
Emery Federal Credit Union
P.O. Box 498967
Cincinnati, OH 45249

Call: 513.530.9351

By signing and submitting the Skip-A-Pay coupon, you authorize Emery Federal Credit Union to extend your final loan payment by one month and agree that such extension will be considered an amendment to your loan agreement and/or promissory note. There is a $40 processing fee per loan that will be added to your loan balance.

Interest will continue to accumulate on your loan during the month you skip your payment. In some cases, based on the size of your balance, the interest which accrues may be greater than the amount of your next regular payment. It may take you several months to begin to reduce your principal balance. Following the skipped month, the loan will revert back to the original payment schedule. Payments made through payroll deduction or direct deposit will be put into your savings or checking account for the month you are skipping a payment.

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