Skip A Payment
If you’ve experienced unexpected expenses or need a small break from your monthly payments, our ‘Skip-A-Pay’ (SAP) program might be the right option for you.
As a member, you may be able to skip one month’s payment on one or all your eligible River City FCU consumer loans. This is a fee-free service!
The requirements are as follows:
Loan must be in existence for six months or longer
Only eligible for two SAP’s within a 12-month period
All share savings and checking accounts must be in good standing
All loans must be in good standing with all payments current.
To apply: visit our branches, give us a call, or send a secure message from your online & mobile banking account.
Subject to approval. The following conditions apply:
1. Skip-A-Payment is available only for loans with River City FCU and must be arranged through Lending Central.
2. Loans must be in existence for six months or longer to be eligible for Skip-A-Payment.
3. All share savings and checking accounts must be in good standing. Loans must be in good standing with all payments current.
4. Loans excluded from this offer include
•Delinquent loans
•Share certificate secured loans
•Balloon loans
•Loans with an active Collateral Protection Insurance (CPI) policy
•Loans with two prior extensions or Skip-A-Payments in the past twelve-month period
•Credit cards
•Real estate-related loans such as mortgage, home equity and home equity lines of credit
5. Interest will accrue on all loans with skipped payments, which will cause the maturity date to be extended, and may increase final payment. Initial payment after the skipped period may be applied to accrued interest.