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We've Got Your Back(pack) With Skip-A-Pay! 🎒


The start of school will be here before we know it, and we know back-to-school shopping can be busy — and expensive. 

St. Cloud Financial Credit Union wants to help you lighten the load by giving you a pass on your loan payments! In August or September, skip your loan payments with Skip-A-Pay so you can use that cash where it counts — hello sneakers, clothes and backpacks (for both you and the kiddos 😉).

And better yet, for each loan payment skipped, $15 of the $45 processing fee will be used by your local credit union to donate that to an area charity or organization. A win-win!

To utilize Skip-A-Pay, log onto online banking and follow these steps:

  1. In the navigation bar on desktop, click "Transfer & Bill Pay." On mobile devices, click “More” and click “Transfer & Bill Pay.”

  2. Click "Skip A Pay." 

  3. Fill out the request form.

 

Eligibility Requirements: You must be a member in good standing. Your loan must not have had any late payments in the last 12 months. A maximum of six payments can be skipped during the life of the loan, with no more than two per calendar year. If you want to skip one month’s payment, the loan must have at least six months of payments made. If you want to skip two monthly payments on a loan, the loan must have at least 12 months of payments made. Interest will continue to accrue on the outstanding balance of your loan(s) until paid in full. Skipping a payment may increase the number of remaining loan payments. 1st Mortgage Products, 2nd Mortgage Products, HELOC Products, Business Loan Products, Commercial/SBA Products, AFG Products, Extra Mile Products, Anytime Access Line of Credit and Credit Cards are excluded from this offer.