Skip a Payment

Go ahead and take a break from your loan payment.

Maybe it's the holiday season. Or vacation time. Whenever additional expenses create a cash crunch, one thing that can help 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 Digital Banking
  2. Select More at the bottom of the screen.
  3. Click on Transfer & Pay and select Skip-A-Pay
  4. If your loan appears from the list of options, it is eligible. 
  5. Select the loan you would like to skip. 
  6. Verify that all the information is correct, then click the Skip button. 
  7. Select Deduct Fee then choose the account you want the fee to come out of. 
  8. When you have selected the account, click Submit. 
 

Have Questions? We've Got Answers!

Whether you are looking for more information on skipping a payment, or are curious about membership, loans, or digital banking, our FAQs have you covered. They're a quick, easy way to find what you need when you need it.