Accounts that have been past due within the last 12 months or had a skip related to COVID-19 are not eligible for a Holiday Skip-A-Pay. Other loans may not be eligible if negative amortization will result. This waiver may not be used if you have taken advantage of a Skip-APayment during 2021. All members on the loan MUST sign this agreement. By signing, you understand the terms of this waiver. Must have made a minimum of one payment on loan(s) selected prior to applying for Skip. Account selected must have full fee amount available to process skip application. If amount is not available, the skip application will be delayed or declined. Skipped payments will extend the term of the loan one month and will increase the total finance charge of the original security agreement and may reduce any GAP claim on insured loans. I understand that if my payment is taken out of another institution automatically, it will still be taken out and I will withdraw the funds from my ACFCU account. This offer is good until 1/31/2022. ACFCU is NOT responsible for approval call-backs, or incomplete forms including missing signatures.
All requests must be approved by the loan department.