Summertime – warm, sunny…but it can also be expensive. If a lack of money is the only thing standing between you and a summer vacation or staycation – we’ve cooked up a great deal. The nw+|cu Vacation Skip-a-Payment program is coming up quick! Apply to skip your June or July consumer loan payment on eligible credit union loan(s)*.
There is a low $40 processing fee per loan to take advantage of this program. The $40 processing fee per loan can be withdrawn from your nw+|cu account, or paid by cash/check. If you make your loan payments with Payroll Deduction, ACH, or Direct Deposit, your payment will be deposited into your account. Reminder: throughout the month of the skipped payment, interest will continue to accrue on your loan.
Skipping a payment is easy! Just fill out, sign & return the form you’re provided by mail. Please return the form a minimum of two weeks prior to your due date to allow for processing. In addition, you can fold the letter with the mail panel exposed, tape it closed and mail it back – postage paid.
*excludes lines of credit and real estate loans. If you have GAP on your loan, participating in Skip-a-Pay could have an adverse effect on your benefits if a claim is filed. Other restrictions may apply.