Auto Loans

Holiday Skip-a-Pay

The Holiday Skip-a-Payment Program is designed to help members with extra holiday expenses by allowing either their November or December eligible loan payments to be "skipped" (deferred)! Just meet a few simple requirements and enjoy the holidays with a little extra money in your wallet!

Please read and understand the following terms and conditions. Due to regulations, the PFCU Skip-a-Payment Program cannot be used for line of credit loans or real estate backed loans including home equity loans.

Please Note: There is a $25.00 fee associated with each "skipped" loan.

Terms & Conditions

  • Member must have made at least one full monthly payment on the loan and all loans with PFCU must be current and in good standing.
  • Written request to skip a payment must be received five days prior to the normal loan payment due date. (Sorry, verbal requests cannot be accepted.)
  • If there is GAP coverage on the loan, GAP protection only allows 15 skipped payments during the term of the financial agreement. Skipped payments are viewed as missed payments that are authorized by the credit union or caused by delinquency.
  • Loans on payroll deduction may still have the loan payment deducted from the paychecks, but the money can be deposited back into the member’s share account and may be withdrawn upon request.
  • Skip a Payment is not available on any real estate backed loans, including home equity loans, or on a line of credit or credit card.
  • If the loan is being funded by auto draft from another financial institution, the member (you) will be responsible for alerting that institution of the deferred payment month. Additionally, if the loan is set up on Pantex FCU online banking auto pay, you must cancel the payment for the appropriate month. The payment can resume after the extension.
  • If requests are made on loans from multiple accounts, please use one request form per member number.
  • Pantex FCU reserves the right to deny any Skip-a-Payment request.
  • The Skip-a-Payment option in no way alters the terms and conditions of your original loan contract as previously disclosed. Interest at the contractual rate will continue to accrue on the unpaid balance of your loan. The deferred payment(s) will be added to the end of the loan.
  • There is a $25.00 fee associated with each loan that is skipped.

Get Started Now, Fill out the Form Below!

To begin, accept the terms and conditions in the black box below! This is done by checking the boxes and clicking the accept button. Fill out the form and follow the instructions to e-sign the form.  Once the form is submitted, you will be prompted to confirm your email.  To complete your application, check your inbox for an Adobe Sign e-mail and confirm your e-mail address.

 

If you prefer, you can download, print and fill out, to turn in to one of our Pantex FCU Branches.
Click the link to download a printable application, then return the completed form.
Download Printable Application!

Skip a Payment is not available on any real estate backed loans, including home equity loans, or on a line of credit or credit cards. Please read the complete terms and conditions on the form before submitting.