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Skip a Payment

Go ahead and take a break from your loan payment.

Money a little tight this month? We've all been there.

Maybe it's the holiday season. Or vacation time. Or you're facing a major repair or a stack of medical bills. Whenever additional expenses create a cash crunch, one answer is to skip one of your P1FCU loan payments. By following a simple process and paying a small fee, you can buy some financial breathing space.

  • Qualified borrowers may skip up to two payments each calendar year, and up to a maximum of six payments during the life of the loan.
  • Signature loans, auto loans, boat, RV and personal property loans are eligible for the program as long as the payment amount is over $25. (Home equity, mortgages, and business loans are not eligible.)
  • There is a $25 fee for each skipped payment. The funds will need to be in a P1FCU account to be collected at the time the skip is processed.

Skip Payment Procedures

  1. Login to Online or Mobile Banking using the mobile app or by selecting Login in the top right corner of the page.
  2. Select Skip a Pay from the Transactions tab in the Menu
  3. If your loan appears from the list of options, it is eligible. 
  4. Select the loan you would like to skip. 
  5. Confirm your new due dates
  6. Select the account you would like to pay the $25 skip fee from
  7. Agree to the Terms and Conditions.
  8. Click Finish.