TCCU gives you the option to Skip A Payment twice each year. Summer Skip A Payment and Holiday Skip A Payment are available to members in good standing. When you skip payments on your qualifying loans, you'll have extra cash for seasonal purchases.
There is a $30.00 processing fee for each loan which may be deducted from your savings or checking account. Processing fees may not be added to the loan. Your loan must be at least 6 months old with a current payment status. Interest will continue to accrue and the skipped payment may cause the loan to extend beyond the scheduled payoff date.
You may skip one Summer payment, either June 2019, July 2019 or August 2019. Request must be made prior to payment due date. Excludes any vehicle loan with CPI coverage, mortgage loans, home equity loans and lines of credit, and VISA. Skipped payment may affect future GAP insurance claims.