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Skip-A-Pay

 

Life is full of surprises, some good and some not-so-good. Now, you can effortlessly navigate your way through these surprises by taking advantage of our all-new Skip-A-Pay program! Whether you're planning a special celebration, tackling an unplanned expense, or need a little extra breathing room, Skip-A-Pay is here to help by letting you skip a loan payment of your choice! All you need to do is:

  • Complete a Skip-A-Pay request and submit it at least 10 days before your desired payment's due date
  • Pay a $30 per-skipped-payment processing fee

How easy is that? Start your Skip-A-Pay request today!

 

 

Alternate Request Methods

If you prefer to pay for your Skip-A-Pay request with a check, please download a printable Skip-A-Pay request form and mail it to:

Hickam Federal Credit Union, Attn: Skip-A-Pay, PO Box 30025, Honolulu, HI 96820

For cash payments, please submit your Skip-A-Pay request in person at any one of our convenient branch locations.

 

 

Skip-A-Pay Program Requirements

  • Your loan must have been open for at least six months at the time of your request.
  • All of your Hickam FCU accounts, including other loans with us, must be current and in good standing.
  • Payments cannot be skipped in consecutive months and cannot be skipped more than once in any twelve-month period.
  • Skip-A-Pay is available on all Personal, Auto, Motorcycle, and Savings Secured Loans. Real Estate Secured Loans, Credit Cards, Lines of Credit, Education Loans, and ECO Personal Loans are not eligible for this program.
  • Requests must be submitted at least ten (10) days before your scheduled due date for the month you wish to skip. Applications received after the cutoff date will not be considered.
  • Loans that have had a loan extension in the past six (6) months are ineligible for this program.
  • All signers and guarantors of the original Loan Agreement(s) need to sign the Skip-A-Pay agreement.

Please note that interest will continue to accrue on your loan during the skipped period, resulting in increased total finance charges over the life of the loan, and may extend your repayment period beyond your credit life/disability insurance and GAP coverage. Your regular loan payments will resume the month following the skipped month.

 

 

Skip-A-Pay Frequently Asked Questions

Is there a fee for Skip-A-Pay?

Yes, a nonrefundable $30 processing fee for each loan payment skip request is due at the time of your request. For example, if you request to skip a payment on three separate loans, you will be assessed a $30 processing for each loan, for a total of $90. 

Do I have to skip my loan payment during a specific month?

No, you may skip your loan payment(s) in any month you wish! However, you may only skip a payment once per 12-month period per loan. For example, if you skip your car loan's April payment, you won't be able to request another skip on your car loan until April of the following year. Other loans not part of this request remain available for skipping at any time. 

Can I cancel a Skip-A-Pay request?

Unfortunately, the Skip-A-Pay processing fee is nonrefundable, and skips cannot be canceled or reversed.

 

Skip-A-Pay Program Terms & Conditions
Hickam Federal Credit Union (HFCU) Skip-A-Pay is available on all Personal, Auto, Motorcycle, and Savings Secured Loans that have been opened for at least six months. The following loan types are not eligible for HFCU’s Skip-A-Pay Program: Real Estate Secured Loans, Credit Cards, Lines of Credit, Education Loans, and ECO Personal Loans (Solar and/or Photovoltaic Systems). All of your HFCU accounts, including other loans with us, must be current and in good standing. Please submit all requests no later than ten (10) days before your scheduled payment date for the month you wish to skip. Applications received after the cutoff date will not be considered. Interest will continue to accrue during the skipped period, resulting in increased total finance charges over the life of the loan. Your regular loan payments will resume the month following the skipped month. There is a limit of one skipped payment in any twelve (12) month period on the same loan. Loans that have had a loan extension in the past six (6) months are ineligible for this program. All signers and guarantors of the original Loan Agreement(s) need to sign this agreement.

Skip-A-Pay-Web (pdf)
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