Are you looking for a little extra cash for your exciting summer adventures? Northwoods Credit Union’s Skip-A-Pay program might be just what you need. This program allows qualified members to skip one loan payment per year, freeing up funds for your vacation, camping trip, or any summer fun you have planned. Here’s how it works and how you can apply today.

What is Skip-A-Pay?

Skip-A-Pay is a special offer allowing eligible members to skip a loan payment once per year. This program is designed to provide financial relief and give you more flexibility with your budget.

Benefits of Skip-A-Pay

  • Extra Cash for Summer: Use the money saved from skipping a payment for your summer adventures.
  • Flexibility: Manage your finances better during tight budget months.
  • Simple Application: Easy steps to apply and get approval.

Enjoy more cash for your adventures: Apply to skip a pay today!

How to Apply for Skip-A-Pay

Applying for Skip-A-Pay at Northwoods Credit Union is straightforward. Follow these simple steps to enjoy a payment-free month:

  1. Check Your Eligibility: Ensure you meet the program requirements. You must be a member with a qualifying loan that is not a mortgage, line of credit, or any other restricted loan types. Your loan should also not have late payments in the past six months.
  2. Select Your Month: Decide which month you want to skip. Remember to apply at least 10 days before your next payment is due.
  3. Fill Out the Application: Complete the Skip-A-Pay application form, providing details like your name, member number, loan number, and the month you wish to skip.
  4. Submit the Fee: There is a $25.00 processing fee for skipping a payment. You can pay this fee through various methods such as payroll deduction, cash, personal check, or auto withdrawal from another institution.
  5. Wait for Approval: After submitting your application, a loan officer will contact you within 5 business days to confirm the approval. Continue making your regular payments until you receive this confirmation.
  6. Enjoy Your Summer: Once approved, you can skip your loan payment and use the extra cash for your summer plans.


Skip A Pay

Main Features of Skip-A-Pay

  • Eligibility: Only one skip per loan, per year.
  • Fees: A $25.00 processing fee applies.
  • Restrictions: Not available for mortgage loans, line of credit loans, Wise Choice Auto Financing, Workout Loans, Holiday Loans, Overdraft Loans, Visa, loans with late payments in the past six months, or loans opened within the last 6 months.
  • Approval Time: You will be contacted within 5 business days regarding your application status.


By taking advantage of the Skip-A-Pay program, you can free up funds for summer fun while managing your loan payments more effectively. Don’t miss out on this opportunity to make your summer more enjoyable!

Visit our skip-a-pay page now or contact us today.

Start planning your summer adventures today and see how Skip-A-Pay can help you enjoy more sun, fun, and financial flexibility!







*Not all applicants will qualify. Interest will continue to accrue and skipping a payment may impact GAP insurance. Membership eligibility required. NCU is insured by NCUA. Some links may take you to an outside website. Please review their Privacy Policy as it may differ from ours. We strive to provide helpful info but can’t guarantee the accuracy or completeness of the info presented in the article, under no circumstance does the info provided constitute legal advice. You are responsible for independently verifying the info if you intend to use it in any way. Not a full representation of NCU products.