Skip a Payment Request

SKIP-A-PAYMENT REQUEST

You may be qualified to receive this special offer to skip your loan payment. If you have more than one loan, you can choose to skip-a-payment on each loan you have with Madison County Federal Credit Union.

You can even skip a payment on your MCFCU VISA credit card!

Mortgage Loans, HELOC Loans, ORP Loans and Single Payment Notes are NOT eligible. Delinquent or past due loans are also NOT eligible. Cannot skip more than 3 payments for a single loan in 2020.

Send no money! The $35 processing fee per loan skipped will be applied to your loan balance. If your payments are made by Direct Deposit/Payroll Deduction, we will deposit the skipped payment to your primary payroll account.

Simply complete the skip-a-payment request form below. Your request must be received by June 1st to skip your June payment or by December 1st to skip your December payment.

For questions or more information, please call the MCFCU Loan Department at 765-644-3623.

First name *

Last name *

Street Address *

City *

ZIP Code *

Phone Number *

(The only time we will call you is if there is a problem with this request)

Email Address *

Member Account Number *

Loan # *

Loan #2 (Optional)

Loan #3 (Optional)

Authorization

I authorize Madison County Federal Credit Union to extend my final loan payment by one month. For this offer to be valid, I know my loan must be current. The $35 processing fee per loan will be automatically applied to my loan balance. Interest will continue to accrue on the unpaid balance of my loan and will be part of my final payment. Therefore, the amount I will pay during my loan will be more than the amount originally disclosed and could extend my loan term. If I have life and/or disability insurance on my loan and I choose to skip-a-pay, my insurance coverage will end based on the original contract term. Members that have been granted extensions due to extenuating circumstances within the previous 12 months are not eligible to participate. Member must make first payment to be eligible for Skip-a-Pay.

Yes, I authorize these conditions.

Thank you for submitting your Skip-A-Pay request!

Your request will be processed in the next 7 days. We will not contact you unless there is a problem with your request