Skip A Pay Relax ... skip your next payment!
Budget need a little breathing room? If you qualify for our Skip Payment program you can skip your eligible Founders loan payment and keep the cash.
Complete your Skip A Pay request in Founders Online by the last day of the month to skip your next month’s payment.
Our Skip Payment program is available only to loans advanced (add-ons) or loans originated at least six (6) months prior to your Skip A Pay request.
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What happens to my skipped payment?
If you are approved for your Skip A Pay, the additional payment is added to the end of your loan for a $25 fee, which is also added to the loan amount.
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Which loans can be skipped?
- Personal Loans
- Auto/Recreational Vehicle Loans
- Savings/Certificate Loans
- Other Secured Loans
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Which loans are not eligible for Skip A Pay?
- Real Estate Loans
- Express loans
- Indirect loans
- ArrowPointe FCU loans with GAP
- VITAL FCU loans with GAP
- Credit Cards
- Lines of Credit
- Education Loans
- Accounts included in bankruptcy or foreclosure
- Single, annual, semi-annual, or quarterly payment loans
- Loans with extensions or alternate payments in the past (6) months
- Loans with added collateral protection insurance
- Members who have caused losses to the credit union (loans, credit cards, savings, etc.)
- Members who have negative savings account(s)
- Members who have delinquent loan(s) in the past six (6) months
- Or loans modified through troubled loan modification
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How do I apply to skip my next payment?
Log in to Founders Online and navigate to the Skip A Pay menu option under Transactions. If you qualify to skip one of your loan payments the Skip A Pay request form will load when you select the menu option. If you don't currently have a loan eligible for Skip A Pay you will receive a Skip A Pay not eligible message. If you don't have an eligible Skip A Pay it could be because the offer is limited to two (2) skips per calendar year with a minimum of three (3) months of payments between skip payment requests.
Once the form displays, follow the step by step instructions to complete your Skip A Pay request. Be sure to make the current month's payment so your Skip A Pay will process.
Important Notice
Disclosure
You are exiting Founders Federal Credit Union's website. When you click Continue, you will be transferred to a website not operated by your credit union. Founders Federal Credit Union is not responsible for the content or any links to or from this alternate website. Founders does not represent the third party or the member, should they enter into any agreements; and makes no representations or warranties regarding the products or services of the third party. Also, the privacy and security policies of the third party may be different from those of Founders Federal Credit Union.
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