Fees & Discount:
Each skip is $35 per loan, or prepay for 3 months for $99. Even if you choose to skip a third month later on, the discount will still be applied and your third skip will be charged at $29, totaling $99 for the year.
Eligibility:
- Eligible Loans: Auto, Personal/Signature, Recreational Vehicle/Boat, Motorcycle/PowerSport, and Shared Secured Loans
- All credit union accounts must be in good standing, member-owner must not be in bankruptcy, or have an open workout loan.
Qualified loans must meet the following criteria:
- More than 3 months old and at least one payment must have been made
- Have a monthly payment of more than $100/month
- Original loan term must be longer than 24 months
- Members may skip up to 3 monthly payments per calendar year. Skip requests may be submitted at any time during the year — you do not need to submit all three at once.
- Skip a Pays may not exceed a combined total of 9 during the original loan term.
*All requests to skip a payment must be approved by the loan department. Members must agree to amend the terms of their original agreement and to repay the entire unpaid balance and accrued interest. Mortgages, Home Equity Products, Lines of Credit, Visa Credit Card Loans, loans less than 3 months old, and bankruptcy accounts are not eligible for this program. To be eligible, all credit union accounts must be in good standing. Interest will continue to accrue on unpaid loan balance during no payment period. Members may skip up to 3 monthly payments per calendar year, not to exceed a combine total of 9 during the original loan term.
Send this form to ECS before the due date of the payment you would like to skip.
Mail or drop off to:
ECS Federal Credit Union
1069 Graves Avenue, Suite 100
El Cajon, CA 92021-4573
Sign and Fax to (619) 588-2197
Sign and email to memberservice@ECSFCU.org
Or Call/Text SKIP to 619-588-1515 and a copy will be sent via DocuSign.
Important: This form does require an original (not typed) signature. Forms returned without an original signature will be emailed back to you via DOCUSIGN. Please look for this email if applicable and return it promptly to allow us to process your request in a timely manner.
ECSFCU!
