Is your pocket or purse looking to save a little extra cash? Maybe taking a break from your loan payment could provide you some relief? Sometimes simply skipping a loan payment is enough to give you a little something extra. As a valued member of CVF, you may be eligible to skip up to two (2) loan payments on a qualifying loan during the calendar year, freeing up the cash you need – when you need it most.
With our online and mobile banking, you can schedule your skip payment right now!
Here’s how:
Feel better talking to a representative in our member contact center? No problem, give us a call at 734.432.0212 and we’ll gladly help you through the process.
* There is a $30 fee for each loan payment skipped / per loan. Some loans will not qualify for this offer. Your accounts must be in good standing and the skip pay fee already on deposit to qualify. Other qualifications may apply. If you qualify, you may skip up to two payments per calendar year using your online banking / mobile app. Three months in a row (example: December, January, February) is not permissible. Interest will continue to accrue on the total outstanding loan balance for each loan payment that you choose to skip. Each payment skipped will extend the original loan term. CVF Credit Union reserves the right to review your account status and approve or deny your request to skip a loan payment.
Complete the form today and a member of our Contact Center will follow-up with you as soon as we can.