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Can I skip my loan payment?

Can I skip my loan payment?

You can skip your loan payment if you meet the following criteria:

  • Your membership is in good standing
  • Your loan is not delinquent
  • The payment you wish to skip is not the first payment on the loan
  • You have not made more than two skip payments in a calendar year
  • You did not skip a payment the previous month

Please note that there is a $30 fee for each loan you process a skip payment on.  This fee cannot be added to the balance of the loan and must be paid separately. 

You can skip your payment within Online Banking or the mobile app or by calling us at 503.626.6600 or 800.452.8502.

 

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