Skip-A-Loan Payment Request Form

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Please complete this form only if you wish to skip your Apple FCU Loan or Line of Credit payment (excluding Mortgages, Transition Loans, Visa Credit Cards and HELP Loans) AND don’t have Online Banking. You must submit a request for each loan payment you would like to skip. This is a secure online form; your information will not be shared. Your request must be submitted three (3) business days prior to payment due date or it may be denied.

Request Agreement

By completing this form, I understand that Apple FCU will review my accounts and that there is a $25 processing fee per Loan that I choose to skip. I understand the $25 fee must be available in my Apple FCU Savings or Checking account (fee will be taken from available funds, Checking will be the first source) , and that I cannot be delinquent (past due) or have been delinquent in the past 12 months on any loans with Apple FCU for this request to be approved and processed. Additionally, my loan was opened twelve (12) or more months prior to my first skip-pay request (e.g.. Loan made Feb. 2016 would be eligible for skip-pay March 2017).

I am instructing Apple FCU to skip the following loan payment:

1. By participating in Apple Federal Credit Union's Skip-A-Payment program, you request that Apple Federal Credit Union defer your loan payments as indicated. You agree and understand that: 1) you may skip up to one (1) payment per qualified loan type every 12 months; 2) a Skip Payment fee of $25 per loan type will be deducted from your Apple FCU Savings or Checking account at the time the request is processed; 3) finance charges will continue to accrue at the rate provided in your original loan agreement, during and after this time; 4) deferring your payment will result in your having to pay higher total finance charges than if you made your payment as originally scheduled; 5) the payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off (excludes Certificate-secured loans which require a new loan to be executed upon maturity of Certificate); 6) you will be required to resume your payments the following month. Automatic transfer records to an Apple FCU Deposit or Loan from another institution will NOT be skipped automatically. Contact that financial institution if you wish to skip the payment; 7) if you elected Guaranteed Asset Protection (GAP) or Major Mechanical Protection, the coverage will not be extended beyond the original maturity date; 8) certain restrictions may apply; excludes all real estate loans and credit cards; 9) all deferrals are subject to Apple FCU approval. Your Loan(s) must be current (have no amount past due) and open for at least 12 months with on-time payments to qualify.