Skip-A-Pay allows qualified members to take advantage of our Skip-A-Pay program for any two payments within a 12-month span, provided there is a five-month gap between skips. Choose whether to apply the $29 fee to your share or draft account.
* Skip-A-Pay may not be consecutive months. Some loans not eligible for the Skip-A-Pay program, including but not limited to: closed-end first and second mortgages, home equity lines of credit, business loans, share secured credit cards/loans, work-out loans, and negative share draft loans are ineligible. Credit Union purchased GAP insurance only covers up to three skipped or deferred payments during the life of the loan. A $29 fee applies for each loan for which payment is skipped. The fee is deducted from a share or draft account on the same account as the loan. AltaOne donates $5 of the fee to a good cause. Additional payments may be required to pay off the balance of the loan beyond the original term. Your scheduled payment will resume the month following the skip.