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Skip A Pay Sign-Up

Need a break from loan payments? Let's work together to get back on track.

* Consumer Loans: This payment skip will extend the final maturity date of your loan by one month. Interest will continue to accrue on the unpaid balance. This payment, plus interest, will be due at the end of your loan. By participating in Vibrant Credit Union’s Skip-a-Payment program, you request that Vibrant defer your loan payment(s) as indicated. You agree and understand that: 1) finance charges will continue to accrue at the rate of your original loan agreement; 2) deferring your payments will extend the term(s) of your loan(s); 3) you will be required to resume your monthly payments the following month; 4) loan must be current. 

**Equity Loans: This payment skip may result in a final balloon payment. Interest will continue to accrue on the unpaid balance. This payment, plus interest, will be due at the end of your loan.

***The processing fee per loan is $100 for loan payments up to $200 and $180 for loan payments over $200. The processing fee can be added to the loan, deducted from a Vibrant Credit Union account or paid with cash or check. All Skip-A-Payment requests are subject to Vibrant Credit Union approval. Each qualified mortgage loan is allowed a maximum of one per year with a maximum of four over the life of the loan. Each non real estate loan is allowed a maximum of two skipped payments each year. There must be one full payment made between skips.  The loan must have been opened for one year and one full payment made between skips. Your Skip-A-Pay will be processed on the next business day. It is the member's responsibility to make adjustments to their automatic payment(s). This policy is subject to change without notice. 

****If your loan includes GAP coverage, this payment and any fees associated with it may not be covered in the event of a total loss.