Skip-a-Payment

Need a Little Extra Financial Flexibility? 

LAFCU's Skip-a-Payment program gives eligible members the opportunity to skip a qualifying loan payment during select promotional periods. Whether you're preparing for a vacation, unexpected expenses, or simply need extra room in your budget, Skip-a-Payment can provide added flexibility when available.

Reminders:

• If you currently have auto-pay turned on, please deactivate it and then turn it back on in January if you would like to have this feature turned back on. Otherwise, your payment will pull from your account as usual. (Auto-pay may be setup with another institution - it will need to turned off unless you want payment to process as usual.
• Please make sure the main account holder has their updated address on file.
• $35 must be present in the account prior to skipping the payment.
• Make sure you have at least 3 full payments on your loan.
• Your November payment should be made first. (You can either contact LAFCU or process the skipping of your payment in mobile banking after this November payment has been processed.)

*Skipping a monthly payment on your loan may cause your term to be extended, your principal balance to remain unchanged for one or more future payments, and interest will continue to accrue. If your payment comes from another financial institution, you are responsible for canceling for that month. Skipping your Decmber monthly payment offer is available through 12/31/26. Other restrictions may apply.