Skip to main content

Skip-A-Pay

We get it.  Life happens, and sometimes it leaves you short on cash.  That's where we come in.  Skip-A-Pay allows members in good standing to skip their monthly payment on any eligible loan, up to twice per calendar year*.

Simply choose the month you wish to skip your payment, then follow these simple steps:

  1. Complete the Skip-A-Pay Application.  All borrowers of the loan, including any cosigner or guarantor (if applicable), must sign the application.
  2. Completed applications must be received prior to the due date of the loan payment you wish to skip.  Applications may be delivered to any ECU branch, or mailed to 13201 Granger Road, Suite 1, Garfield Heights, OH 44125.
  3. There is a $35.00 processing fee for each loan payment you wish to skip.  You may pay by transfer from your ECU account, with cash, or by check payable to Emerald Credit Union.
Please note that interest and Emerald Payment Protection (if applicable) will continue to accrue on your loan during the skipped payment period.  Your loan maturity (final payment) date will be extended with each skipped payment.  All other loan terms and conditions remain the same.

*Platinum Visa Credit Cards, Mortgages, Home Equity Line of Credit Loans, Wish List Loans, and Share Secured Loans are not eligible. Skip-A-Pay is not available during the first six (6) months of any eligible loan term. Only two (2) non-consecutive payments per eligible loan may be skipped in any calendar year (January - December). Skip-A-Pay request must be received prior to the due date of the loan. Interest and Emerald Payment Protection premiums will continue to accrue during the skipped payment period, and the loan maturity date will be extended. Notice to members with GAP on their Vehicle Loans: Use of Skip-A-Pay more than five (5) times during the life of the loan may affect a future GAP claim payoff. The $35.00 processing fee per loan payment skipped will not reduce the principal.