We offer our members a Skip-A-Payment option on their loans during the months of November and December. By filling out and turning in a Skip-A-Payment Coupon you can skip your loan payment(s) for either the month of November OR December. You have the ability to utilize those funds for whatever you need - travel expenses, purchase gifts, food, and decorations, or anything you need. In order to allow adequate time to make the changes to your loan, coupons must be received at M-O FCU at least one week prior to your first loan payment date of the month.
Loan Frequency: The number of payments you are able to skip is based on the frequency of your payment, which is outlined below:
- One (1) monthly payment will be skipped
- Two (2) semi-monthly payments will be skipped
- 2-3 bi-weekly payments will be skipped
- 4-5 weekly payments will be skipped
Applications are available at either M-O FCU location, via email or DocuSign, or click here to print one yourself. To view the current cost associated with this service click here.
* By skipping your loan payment by one month, you authorize M-O FCU to extend your final loan payment. Finance charges will continue to accrue on your unpaid balance. All accounts must be in good standing to take advantage of this offer; delinquent accounts are not eligible. Mortgages, VISA, single pay, overdraft protection, commercial, and student loans do not qualify for skip-a-payment. Originals only - faxed copies will not be accepted.