Skip a Pay

Sometimes you just need a break from your loan payments. So for a small fee*, we offer members a flexible option to “Skip" a payment on an eligible SkyOne loan or credit card once every 12 months.

From covering unexpected expenses to freeing up extra cash for an important project, Skip a Pay is another way we can help you take more control over your money.

  • Skip a payment on credit cards and consumer loans
  • Send us your request at least 5 days before your loan payment is due

Two easy ways to skip a payment

  • Skip a payment in iSky® Online Banking

    1. Log into iSky® Online Banking.
    2. Click on Manage My Account, and then Skip a Pay.
    3.
    Select the loan payment to skip and the account to debit for the processing fee.
    4. Submit the request, and you’re done!

    Skip a payment in iSky Online Banking



*Payment Extensions are not available for first mortgages, home equity loans and home equity lines of credit. Deferrals are subject to review and approval, which includes a review of your loan payment history for the last six consecutive months on all credit accounts. Finance charges will continue to accrue at the contract rate. Deferring a payment will result in higher total finance charges than if you made payments as originally scheduled and may extend the term of your loan(s). You can only defer one payment per loan every 12 months, with a maximum of two deferrals for the life of the loan under this program. For members who have Guaranteed Asset Protection (GAP), claim coverage may not extend to the amount of payment(s) deferred. Refer to your insurance contract for your coverage details. To skip one consumer loan payment, a $30 fee will be automatically deducted from the share account you designate. Funds must be available.