Skip-A-Pay frees up extra cash

Sound Credit Union offers an option to skip a payment on your Visa, auto, personal and consumer loans up to two times per year.

Here are the details:

• There is a $29 fee for each loan payment you skip.
• Your loan date is moved forward one month from your present due date.
• Your loan must be established for 6 months.
• Wait at least three months between skips.

It's easy to participate! Just visit a branch location or call a Contact Center representative to determine if you're eligible to skip-a-payment this month and keep some money in your pocket.

By participating in Sound Credit Union's Skip-A-Payment program, you request that Sound Credit Union defer your loan payments as indicated. You agree and understand that: 1) FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement, during and after this time; 2) deferring your payment will result in your having to pay higher total FINANCE CHARGES than if you made your payment as originally scheduled; 3) the payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off (excludes certificate secured loans which require a new loan to be executed upon maturity of certificate); 4) you will be required to resume your payments the following month; and 5) a fee of $29 will be deducted from a savings or checking account for this service at the time the request is processed. If you elected GAP or Warranty Coverage, the coverage will not be extended beyond the original maturity date. All deferrals are subject to Sound Credit Union approval. Your loan(s) must be current (have no amount past due) to accept this offer. Certain restrictions may apply. Excludes all real estate loans.