Skip-a-pay

Need a Breather?

Give Yourself a Breather With Skip-A-Pay!

Get ahead of your finances by participating in our Skip-A-Pay program! Whether you're looking for a break, or needing a little extra cash, this program allows you to skip a payment and use your money for what matters most.

How to Participate:

Skip-A-Payment Guidelines:

  • A one-time fee of $25 per loan applies.
  • Submission of the form does not guarantee program participation.

Eligible Loans:

Valid for Lifestyle, Personal, Auto, or Recreational Loans. Excludes visa® credit cards, certificate or share secured loans, personal lines of credit, mortgages, home equity loans, and Delinquent Loans.

Qualifications:

  • All TENCU accounts must be current and in good standing.
  • Loans must be open for at least six months with 6 consecutive payments made.
  • The last 6 months of payments must have been paid without late fees.
  • Delinquent accounts are not eligible.
  • Mortgage, home equity, and credit card accounts are excluded.
  • Loans extended in the last 6 months or twice in the previous 12 months are not eligible.

How It Works:

If you have multiple loans, you can skip a payment on each. Choose the month you want to skip without affecting your credit. Complete a separate form for each loan and let us know how you want to handle the processing fee – we'll take care of the rest!

Start Your Day a Skip and a Smile!

Click now to skip a pay!



1A 90-day deferral of the first payment is available on all auto loans for well-qualified bowers. Deferring a payment will delay the payoff of your loan and result in additional finance charges if you only make minimum payments. The 90-day deferral program is subject to change at any time. Rate and terms are based on evaluating the applicant’s creditworthiness, so your rate may differ. Not all applicants will qualify for the lowest rate. Other restrictions may apply. Membership with Ten Credit Union is required to obtain a loan. Payment example 1: $10,000 borrowed at 5.49% APR for 24 months = $440.91/month. Payment example 2: $10,000 borrowed at 6.24% APR for 60 months = $194.45/month.

*The annual percentage rate (APR) and terms are based on the applicant’s creditworthiness. Rates are subject to change at any time without notice. Not all applicants will qualify for the lowest rate. This offer does not apply to loans currently financed with Ten Credit Union. Membership with Ten Credit Union is required to obtain a loan. Other restrictions may apply.

 

  • OK Member Name is required
  • OK Member Account Number is required
  • OK Loan Number is required
  • OK Phone Number is required

    • By clicking submit, you agree to the above qualifications and authorize Ten Credit Union to process the $25.00 application fee. Skip-a-Pay approval based on qualifications listed above. Your request for a skip-a-pay​ will not be finalized until a TENCU employee is able to speak with you and confirm your request.

  • OK is required

    • Skip-A-Pay Terms: You understand there is a $25.00 processing fee for each loan skipped. The processing fee does not reduce the principal balance. You understand that interest will continue to accrue on the outstanding balance and may result in higher total finance charges on your loan and will extend the term of your loan. You understand if your loan payment is made through payroll deduction, the payment will be deposited to your regular savings account or other TENCU account designated by you for any excess. You understand if your payment is made by automatic debit from another financial institution that it will be stopped for the month you are skipping and that it will be reinstated for the following month provided this request is received by TENCU at least 3 business days before the loan payment is due. You understand if the correct fee amount is not enclosed or if you do not have sufficient funds in the TENCU account designated by you for payment of the fee that this request will not be processed. All borrowers agree to the above terms and all borrowers must sign.

    1 Current is less than 30 days past the scheduled payment date.
    2 Good Standing - defined as no overdrawn share/checking accounts.
    3 Delinquent- defined as 30 days or greater past the scheduled payment date.
    4 If Your Loan does not exceed any of the Maximum Protected Loan Terms, the Protected Balance is the unpaid Loan balance on the date of a Total Loss or Theft Loss minus any amount that is due on account of more than 5 Skipped Payments per loan.