OOFCU Skip-A-Pay

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Please deduct the $25.00 from...

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Loan number:*

Please choose the month you would like to skip:*

December 2025January 2026

NOTE: Skip-A-Pay EXCLUDES Mastercard/Visa® Credit Cards and new loans with less than 3 full months of payment history. The term of the loan will be extended one month and interest will continue to accrue daily.

NOTICE: IN THE EVENT YOU HAVE A TOTAL LOSS ON A COLLATERAL LOAN AND A GAP CLAIM IS FILED, YOU ARE ACKNOWLEDGING THAT YOU ARE AWARE THE GAP MAY NOT PAY THE AMOUNT OF THE PAYMENT WHICH YOU ARE SKIPPING FOR THE LOAN.

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Skip-A-Pay Program Disclosure

By participating in the Old Ocean Federal Credit Union Skip-A-Pay program, you agree to the following terms and conditions:

Program Eligibility
Participation in the Skip-A-Pay program is subject to approval. Not all loans are eligible. Skip-A-Pay requests must be received at least five (5) days prior to the loan payment due date.
Interest Accrual
Interest will continue to accrue on your loan during the skipped payment month. As a result, the total interest paid over the life of the loan may increase.
Loan Term Impact
Skipping a payment may extend the original maturity date of your loan.
Credit Reporting
Old Ocean FCU complies with the Fair Credit Reporting Act (FCRA). A skipped payment under this program will not be reported as a late or missed payment to credit reporting agencies.
Fees
A fee may be assessed to participate in the Skip-A-Pay program. Any applicable fee will be disclosed at the time of request and is non-refundable.
Limitations and Exclusions
Members may be limited to a certain number of Skip-A-Pay requests per loan, per calendar year, or over the life of the loan.
Participation may affect GAP Insurance coverage. Please refer to your GAP Insurance contract for details.
The Skip-A-Pay program is not available for the following loan types:
- Real Estate loans
- Parent/Student Survival loans
- Tuition loans
- Business loans
- Mastercard® and VISA® credit cards
- Loans with Collateral Protection Insurance (CPI)
Other Agreements
Participation in the Skip-A-Pay program does not alter any other agreements you have with Old Ocean Federal Credit Union.

By submitting a request to participate in the Skip-A-Pay program, you acknowledge that you have read, understand, and agree to the terms and conditions outlined above.

To qualify for the Skip-a-Pay program, your Old Ocean FCU account(s) must be in good standing. Requests must be received 5 business days prior to payment due date. Interest will continue to accrue and may exceed payment. A $25 administrative fee, per loan, per month, will be required every time you request a skipped payment. New loans that have not had at least three (3) consecutive monthly payments are not eligible. Cannot be used to resolve any past due status. Loan term extended one (1) month for each skipped payment. A maximum of two (2) skipped payments per loan, per year and no more than two (2) consecutive skipped payments allowed. Other restrictions may apply. See credit union for details. Federally insured by NCUA.