Skip-a-pay

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.

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.