Skip A Pay
Feeling a squeeze on your budget?
Our Skip-A-Payment may be just what you need. Qualified members can skip their loan payment up to once per year. Please complete this form and it will be sent to your loan officer. The loan officer will contact you within 5 business days to let you know when your Skip-A-Payment has been approved. Please continue to make your payments as you normally would until you hear from a loan officer.
Important notes regarding our Skip-A-Payment program:
Northwoods Credit Union is not able to extend this offer to the following types of loans; mortgage, line of credit, workout, holiday, overdraft, wise choice auto financing, loans with late payments in the past six months and/or loans opened within the last 6 months. Only 1 Skip-A-Pay allowed per loan, per year. If refinanced or traded in-SAP may not be used until after 1st payment is made. Other restrictions may apply. Membership eligibility required.