Each loan account will be assessed a fee of $25.00 per loan which will be added to the balance of the loan once you qualify for the skip payment. Interest and any charges for payment protection will continue to accrue for the skipped month, and the final loan payment will include such charges and therefore extend the final pay off date. Offer limited to two (2) skips per calendar year with a minimum of three (3) months of payments between skip payment requests. Secured loans are limited to six (6) skips over the life of the loan. If the loan includes Guaranteed Asset Protection (GAP), skipped payments are limited as follows: Loans originated before 11/16/2015, are limited to two (2) skips over the life of the loan and loans originated on or after 11/16/2015 are limited to six (6) skips over the life of the loan. Skipping a loan payment will reduce any GAP claim that is filed during the life of the loan. Refer to your GAP contract for applicable limits. This offer only applies to any loans that are refinanced or originated at least six (6) months prior to the skip pay request date. Refinances after the skip is approved will result in the skip being disqualified. This offer does not include real estate loans, education loans, personal lines of credit, credit cards, accounts included in bankruptcy or foreclosure, single, annual, semi-annual, or quarterly payment loans, loans with extensions or alternate payments in the past six (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 accounts, loans that have been delinquent in the past six months, or have modified loans through troubled debt restructuring. Loans without perfected security agreements and/or documentation may be excluded. To qualify, payment(s) must be made on or before the last day of the month prior to the month in which you want to skip your payment. Members with automatic scheduled payment transfers through FFCU’s Online Banking or through another financial institution must suspend their next scheduled payment. This offer does not guarantee eligibility. Rates, terms, conditions and loan eligibility may change at any time.