An extension agreement is when the due date is moved ahead one month allowing the member to skip that month's payments. An extension will extend the term of the original contract by the number of months granted. There is a $25.00 processing fee for each loan you want to extend. Contact your Loan Officer if you are in need of a one month extension.
We offer Skip-A-Pay in November and Decmeber to skip one month's payments to help our members with a little extra cash during the holiday season. Please fill out the form and submit it to the Credit Union. There is a $25.00 processing fee per loan to take adavantage of the SAP; forms must be submitted 1 week prior to your due date.
*Interest will continue to accrue on a daily basis until the next payment is made.