EXCLUSIONS The following loan types are NOT eligible for the Skip-A-Payment program: Mortgage Loans, Construction Loans, Lines of Credit, Overdraft Protection Loans, Credit Cards, and loans that are paid ahead.

CONDITIONS In order to be eligible for the Skip-A-Pay program you have to have made at least 6 payments on your loan and have not skipped or deferred your loan more than once in a calendar year. We will assess a $35.00 skip fee for each loan skipped which is due at the time the skip is requested. Skip Applications must be submitted by person, fax or online. NO PHONE REQUESTS. You may skip November or December, not both.

AUTOMATIC PAYMENTS Automatic Payments by payroll deduction and direct deposit will not be discontinued; however the funds will be applied to the share/savings account. Members are responsible for discontinuing any scheduled payment(s) on online banking for the month they have signed up to skip.

MEMBERS WITH GAP I/We understand that skipping a loan payment may result in a reduction of the amount paid by GAP if a claim is filed during the life of the loan.