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Skip-A-Payment Program

Life happens, and everyone deserves a little extra flexibility! ABEFCU’s Skip-A-Payment Program lets you skip one full month’s loan payment every six months, giving you extra flexibility when it matters most.

 

Program Details

  • Eligible loans (Personal Loans, Auto Loans without Gap Insurance) must be open for at least six months.

  • $25.00 processing fee per loan.

  • Submit your application at least two weeks before the payment due date.

 

Loans That Are Not Eligible

  • Loans that are 30 or more days delinquent or have been delinquent for more than 60 days in the past 12 months

  • Real Estate Loans

  • Home Equity Loans

  • Auto Loans with GAP Insurance

  • Credit Cards

  • Overdraft Protection (Line of Credit)

 

 

For questions about Skip-A-Payment, contact your local branch.










 

FAQs


Can I skip more than one loan at a time?

Yes. You can skip one payment per eligible loan. Each loan requires a $25 processing fee.