Accounts that have been past due (have been assessed a late fee) within the last 12 months ARE NOT ELIGIBLE for a Holiday Skip-A-Pay. This waiver may not be used if you have been approved for a skip-a-payment in 2024 that is not a Holiday Skip-a-Payment. All borrowers on the loan MUST sign this agreement. By signing, you understand and agree to 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 $25.00 fee amount available to process skip application. If amount is not available, the skip application will be delayed or declined. Skipped payments will be added to the final payment of the loan (creating a balloon payment) and will increase the total finance charge of the original security agreement and may reduce any GAP claim on insured loans. Skipped payments do not extend the term of the loan. I understand that if my payment is taken out of another institution automatically by ACFCU, I must have this application submitted at least FIVE (5) business days ahead of my payment date to have the automatic withdrawal paused. If I have established an automatic transfer outside of ACFCU, it will be my responsibility to stop the payment if I wish to do so. This offer is good until 1/31/2025. ACFCU is NOT responsible for approval call-backs or incomplete forms including missing signatures.Holiday Skip-A-Pay’s do not apply to Real Estate loans, Home Equity loans, Quick Cash loans, Credit Cards, CD loans, Business Loans, and Workout loans)
All requests must be approved by the loan department.