Skip-A-Pay

How it works

In just a few clicks, you can skip your loan payment from Online Banking and our Mobile App. If you choose to skip a payment, your current due date will be advanced one month forward, just as if you paid. Interest will continue to accrue on your loan and all terms and conditions will remain the same. A $40 processing fee will be deducted from your account.

Program eligibility and requirements:

• You must have an eligible MACU loan. These include: new or used auto loans, motorcycle/ATV/personal watercraft loans, signature loans, personal loans with new or used auto as collateral, personal loans with motorcycle/ATV/personal watercraft as collateral, or non-titled loans. 
  • The following loan types are not eligible: any real estate loan or line of credit, credit cards, business loans, credit builder loans, overdraft loans, savings secured loans, and certificate secured loans.
• You must be in good standing (no more than 30 days delinquent) on all loan accounts, including those in which you are a co-signer. Any currently delinquent loan or a loan which has been previously delinquent may be ineligible.
• The loan must be current or in a grace period. This includes those in which you are a co-signer.
• You must have completed your first six (6) payments. After six payments have been made, you may skip two (2) payments per calendar year and five (5) over the life of the loan. 
• You may submit a Skip-A-Pay request no earlier than 25 days prior to your due date.

Important note on automatic payments: 

You will still need to stop any scheduled payments for the month you plan to skip. This includes: 

• Payments you have set up within Online Banking or our mobile app. 
• Payroll deductions or automatic payments set up through MACU.
• Payments you have set up at another financial institution, which sends your payment to us each month. 
• Payments you have set up through a bill pay service (MACU or another financial institution). 

Note: We are unable to reverse these payments.