Skip-A-Pay

Postpone your next loan payment!

There are times in life when having more cash in your wallet helps. That’s why we offer our Skip-a-Pay program—to give you the flexibility to pause a loan payment when you need it most.

How It Works:

Fill Out Our Simple Form

Apply using our DocuSign form to skip any eligible loans you have in good standing.

Apply Now

Coming soon, you’ll also be able to skip your payment through Digital Banking!

Pay The Fee

The $35 skip-a-pay fee can be added to your loan balance, or paid at the time you submit your application.

Enjoy Your Skipped Payment

Use your savings to pay bills, holiday expenses, or cover heat costs.

What Loans Can You Skip?

Auto Loans
Recreational Loans
Personal Loans
Energy Loans

Details:

  1. A processing fee of $35 per loan will be deducted from your account. If you do not have the available funds in your account, we can add the fee to your loan balance.
  2. Loans cannot be past due at the time of request.
  3. Loans that DO NOT qualify include: credit cards,  commercial loans, and real estate loans (mortgages, home equity lines of credit, home equity loans, or home improvement loans).
  4. Applications must be received no later than December 31st.
  5. Only one payment may be skipped per eligible loan, a duplicate request will not be processed.
  6. Applications must be received at least 7 business days prior to payment due date and will take up to 3-5 business days to process

*Skipped payments do not extend the term of any payment protection policy or collateral protection policy you may have obtained through Maine Savings as part of your loan. By submitting this application, you authorize Maine Savings Federal Credit Union to extend the due date of your final loan payment by one month. The $35 processing fee per loan will be deducted from your account selected above unless you add it to your loan balance. Interest will continue to accrue on unpaid balances through the skipped payment period. Only one payment may be skipped per eligible loan.