Skip your December or January loan payment at Cal Poly Federal Credit Union and you’ll have a little extra jingle in your pocket for upcoming holiday expenses.
Do you have more than one loan? The More the Merrier! You can skip one payment on each of your Credit Union loans. A Skip-Pay fee of $25 per loan skipped will be charged. Please see conditions below. Please direct any questions to staff@calpolyfcu.org.
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VISA credit card and Home Equity Loan accounts are not eligible for this program
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By submitting the Skip-a-Payment form, you authorize Cal Poly Federal Credit Union to advance your loan due date by one month and understand that this will extend the maturity date of your loan. A $25 processing fee will be deducted from your share draft or share account for each loan you choose to skip. Interest will continue to accrue on the unpaid balance during the month you skip your payment, and when payments resume the following month, the unpaid interest will be collected first. Members must be in good standing and all loans current to participate. A loan must be at least six months old (four successful payments applied) to qualify. CPFCU reserves the right to refuse any Skip-a-Payment requests. Payments made through payroll deduction or direct deposit will be transferred to your primary savings account during the SKIP MONTH you selected above and will be subsequently available for withdrawal. ACH payments will be suspended and will remain in the account at your other financial institution for the SKIP MONTH you selected above. Sorry Credit Card Accounts and Home Equity Line of Credits are not eligible for this offer. Please direct any questions to staff@calpolyfcu.org.
Thank You, we will be in touch with any further questions!