By typing your name below, you authorize Leaders Credit Union to extend your final loan payment by one month. The $35 processing fee will automatically be deducted from your share savings or checking account (unless already paid by check/cash when applying in branch). Interest will continue to accumulate during the month you skip your payment. **Your signature will also serve as authorization to advance the date of your next electronically drafted payment from another financial institution. If the payment of your loan is originated from another financial institution, you will be responsible for contacting that institution to have your payment stopped for the month. If the payment of your loan was set up in on-line banking, you are responsible for signing into your online banking account and stopping your payment for the month. However, payments should not be stopped until you have received confirmation that your skip has been approved. Leaders Credit Union reserves the right to suspend this offer at any time, for any reason. You will not be eligible if you have any negative balances, your loan is less than nine (9) months old, is not current or has been 30 days past due in the last 12 months. You will not be eligible if you were granted an extension in the previous 12 months or if you have had a skip-a-payment in this current calendar year.
If this Skip-A-Pay request is not approved, a denial notice will be sent by email to the address provided above.
It is the member’s responsibility to ensure the request is approved before skipping a loan payment.