Skip-A-Pay

Need a little extra room in your budget? Our Skip-a-Pay* program lets you skip one eligible loan payment per calendar year for a small processing fee.

Step 1: Check Eligibility

• Skip-a-Pay is available for consumer closed-end loans only.
• Not eligible: mortgages, business loans, revolving lines of credit, and credit cards.
• You must:
  • Have made at least six consecutive payments since the loan began or your last skip.
  • Be current on all MCCU loans, including any co-signed or joint loans.
  • Have no accounts over the credit limit.
  • Not exceed four skips over the life of the loan.
  • Wait at least six months since your last approved skip.
• A $25 processing fee applies for each skip, and funds must be available in your selected account.

Step 2: Submit Your Request

• Online or Mobile Banking:
  Log in, view eligible loans, and complete your request.
• In-Person:
  Visit any MCCU branch for assistance.
• Website Form:
  Complete the form and an MCCU team member will follow up.

Step 3: Timing Matters

• Submit your request at least three days before your loan due date. (Two days are required to stop an ACH payment.)
• Cancel any automatic payments (Bill Pay, AFTs, Online Banking transfers) for the skipped month.

Step 4: Understand the Impact

• Interest will continue to accrue, extending your loan term and increasing total interest paid.
• Skip-a-Pay may affect payment protection and GAP coverage. Review your agreement for details.

IMPORTANT: If you have a recurring payment through LoanPay Xpress you will need to modify your recurring payment options so that your loan payment can be skipped. Once skipped, you will need to reinstate your recurring payment.

*Skip-a-Pay is available for consumer closed-end loans only. Mortgage products, business loans, revolving lines of credit, and credit cards are not eligible. To qualify, members must have made at least six consecutive payments since the loan began or since their last skip. Members cannot have been delinquent more than once over the life of the loan and must be current on all loans with MCCU, including any loans for which they are a co-signer or joint applicant. A skip cannot be applied to the same loan more than once in the current calendar year, and at least six months must have passed since the last approved skip. Members may not have any accounts over their credit limit or exceed a total of four skips over the life of the loan. A $25 processing fee applies for each skip, and funds must be available in the selected account at the time the skip is processed. Interest will continue to accrue and will extend the term of your loan, which means you will pay additional interest over the life of the loan. Skip payments can affect payment protection and Guaranteed Asset Protection (GAP) coverage; please refer to your agreement for details.