What Is It?
Skip-A-Pay from Yolo Federal
We’re here for you during the good and the bad times. Our Skip-A-Payment program allows you to skip your Yolo Federal loan payment up to 2 times per calendar year. Just choose a loan payment you’d like to skip and breathe easy knowing we have your back.
Is there a fee?
There is a fee of $30 per loan and month skipped for each application. For your convenience, the fee will be charged directly to the skipped loan(s).
Is there a deadline for submission?
Yes, at least 10 days before the payment due date.
Are there any other stipulations?
Consecutive skips are ineligible. Previous month’s payment must be paid before desired payment can be skipped. Excludes real estate and business loans. The Skip-A-Pay program will extend the term of the loan(s) and the interest charges will continue to accrue in the usual manner. Subject to approval. Yolo FCU reserves the right to discontinue this feature at any time.
If you have a Total Loss Claim on your vehicle and have purchased Guaranteed Auto Protection (GAP) coverage, a skip a pay may reduce your GAP coverage by the amount of your monthly payment plus the skip-a-pay fee.
*Membership must be in good standing.
- Account must not be overdrawn
- All loans must be current