SKIP-A-PAY

Skip your loan payment for one month due to temporary layoff or unexpected expenses.  Here’s how it works:

  • Complete the  Skip-A-Pay Application & return it to the credit union
  • $20 per loan fee
  • Interest continues to accrue during the Skip-a-Pay period and the payment will be added to the end of your loan
  • You can only use Skip-a-Pay once per year and three times over the life of the loan
  • Doesn’t apply to real estate loans, savings secured loans and personal lines of credit
  • Once processed, it can’t be canceled and the fee is non-refundable

If you have a question regarding your loan and qualification, please contact the credit union.


Action needed by ALL Toro Company Employees with PAYROLL DEDUCTION at the credit union.ACTION DETAILS & DEADLINES
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