If requesting more than one Skip-A-Pay and there were different signers on the original loan document(s), a separate form must be completed.
I understand that if my payment is made by Payroll Deduction, Direct Deposit, or Automatic Transfer, those funds will remain in my Palmetto First Federal Credit Union account.
I understand that if my payment is made by automatic ACH draft (from another financial institution), it will continue to be deducted from that institution, but will be deposited into my Palmetto First Federal Credit Union Share/Savings Account the month of the skipped payment.
Terms and Conditions:
Choose to skip your November 2025, December 2025, or January 2026 payment during this promotion. If you have more than one loan, you can skip a payment for each. Fee may be deducted from your account, paid in cash, or by check. Fee cannot be added to the loan balance. Request and signed paperwork must be received ten (10) days prior to the due date. This offer is only available to members whose accounts— including all loan and deposit accounts—are in good standing with Palmetto First FCU. To be eligible, the account must be a minimum of six (6) months old with no payments over 30 days delinquent. Skipped payments will extend the duration of your loan. Interest continues to accrue on the loan during the month you skip your payment, resulting in higher total finance charges. All other terms in the original loan agreement remain the same. Mortgage and/or Home Equity loan payments are not eligible to be included in this promotion. All parties signing the original loan documents must also sign agreeing to the Skip-A-Pay. If your payment is made by Payroll Deduction, Direct Deposit, or by ACH draft from another institution, the payment will be deposited into your account. Skipped payment will not reflect negatively on your credit report or your loan payment history with us.
There is a modest $25 processing fee per loan to take advantage of this promotion. Of the $25 fee, Palmetto First Federal Credit Union will donate a portion to a local charity.
Please ensure this money is in your account prior to submitting your request.