Skip a Pay Program

Holiday Skip a Pay is here!

Take a vacation from your loan payments with CCFCU's Holiday "Skip a Pay" program and put some extra cash in your pocket. You can choose to defer your payments for November or December and experience freedom to free up some much-needed cash for vacation travel, family gatherings and all those other things that make this a great time of year. Your Central Coast Federal Credit Union is here to help you take those budget worries away and make your holidays more enjoyable.

To take advantage of this offer, simply download the Skip a Pay Form and return it to any of our branches, fax it to (831) 899-2572 or email to linda@centcoastfcu.com . Once we receive your request, we will review your account for qualification. If you qualify, your due date will be advanced one month from the requested due date. If your loan is paid automatically or by payroll deduction, the funds for the payment will not be transferred to the loan and will remain in either your checking or savings account.

You may choose to skip a month's payment provided none of your Central Coast FCU loans or credit balances are delinquent and you have not had more than two loan extensions in the past year. We will continue to accrue interest on your loan and the skipped payment will cause your loan to extend beyond its expected pay-off date. Sorry, but credit rebuilder, business, construction, home equity or mortgage loans are not eligible for the skip a payment program. There is a $32.00 per loan processing fee if you elect to participate in the program (the fee must be available in your account to process your request).

Remember, we are here to help you in other ways with those holiday expenses as well. We offer a variety of loan programs designed to meet your every need. Just stop by or call any of our branches for fast, friendly assistance from our Loan Department staff. Should you have any questions about our skip a payment program, feel free to contact our office any time.