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Take a vacation from your loan payment!

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Loan Skip-a-Pay

As a borrower with Expedition Credit Union, you may have the option to skip up to two payments per loan in a 12-month period. If you have more than one qualified loan, you can request to skip payments for each loan. Your credit standing with Expedition CU will not be affected and you'll have the extra money you need, when YOU need it!

Skip-a-Pay Form

Which loan types are eligible for Skip-a-Pay?

  • New or Used Vehicle
  • New or Used Recreation Vehicle
  • Watercraft/Boat
  • Unsecured
  • Miscellaneous Secured
woman hiking

Details and Steps

What is the Cost: $30 per skip per loan

When & how many can I skip? Available all year round. Members with an eligible loan may choose up to two payments per loan in a 12-month period*.

How do I process a Skip-a-Payment? 

  1. Sign in to Online or Mobile Banking and choose the "Skip A Payment" option under the MORE menu within Online Banking or from the Hamburger ("☰") menu in the App, complete and submit the form  

    NOTE: For a quick-skip option, without logging into Online/Mobile Banking, use this Skip-a-Pay form

  2. Submit the fee(s) using one of these options:
    • Pay using one of your Expedition CU accounts within the form
    • Charge a credit or debit card within the form

Questions? Contact a loan officer using the Chat Feature on this site or by calling 651-264-0669 Option 1.

 
 

 

 

Your loan account must be open for at least 60 days and the loan balance less than $50,000. Only primary borrowers are eligible to initiate a skip payment.

Please note if your ACH/Electronic Payment is due within 5 days or less OR if your ACH Electronic Payment has been sent less than 3 days ago, you will have to wait until your next month to skip. If your loan is paid with online bill pay through your financial institution or through the Expedition CU Mobile App/Online Banking, you may need to manually change your payment's next delivery date as those payments are not initiated by the credit union.

*By participating in the Skip-a-Pay program, the terms and conditions of your loan agreement will apply except that, upon approval, you can choose to skip certain regular monthly payments without penalty during the deferral period set forth above. Interest will continue to accumulate on your loan during the month you skip your payment, deferral of your regular or minimum monthly payments may result in having to pay higher total FINANCE CHARGES, and your loan repayment schedule may be extended. (Under some circumstances, your payment may not cover the finance charges (interest) that accrue and "negative amortization" could occur.) Thereafter, you must make your regular monthly or minimum payments. All loan payments must be current to qualify, and may be subject to credit union approval. This offer does not apply to second mortgage loans, home equity lines of credit, credit card accounts, special purpose loans or energy loans. Regular monthly payments will resume the month(s) following any skipped payment.