Holiday Skip-A-Payment Rules

• A processing fee of $25.00 per loan will be deducted from your account. If you do not have $25.00 in your account, please mail a check for $25.00 with your Holiday Skip-A-Payment request.
• Loans cannot be past due at the time of request and loans that do not have a minimum 12-month repayment history do not qualify for this offer.
• All lines of credit, real estate mortgages, home equity loans, business loans, credit card and overdraft protection loans are excluded from this promotion.
• Loans are subject to a maximum of three (3) skipped payments for the life of the loan.
• Applications should be received at least ten business days prior to loan due date.
• Interest will continue to accrue on unpaid balances through skipped payment period.
• All Skip-a-Payment Loans are subject to final approval.

Holiday Skip-A-Payment Application

* Skip Payment:

* How is your loan paid?

Please deduct the $25.00 processing fee from my:

Skipped payments do not extend the term of any credit insurance policy you may have obtained through the Credit Union as part of
your loan. Skipped payments may not be covered by your GAP addendum. It’s your responsibility to review your GAP addendum
documents to see if your coverage allows for skipped or deferred payments. Any skipped payments not allowed under your GAP
addendum will be your responsibility.
By signing below, you authorize Connected Credit Union to extend the due date of your final loan payment by one month. The $25.00
processing fee per loan will be deducted from your account selected above unless payment is enclosed. Interest will continue to accrue
on unpaid balances through skipped payment period, resulting in additional finance charges.

By clicking "Submit", all parties agree the typing of their name constitutes an electronic signature which is the legal equivalent of a written signature and is a binding and enforceable signature.