Yes, I'd like to Participate in the deferred payment program for the month of
December, 2013 or
January, 2014 (check one). I understand there is a $25.00 processing fee per each loan request in which a payment
The following Loan Types are allowed the deferred payment program:
Autos, Boats, Motorcycles, Jet Skiís, All Terrain, RVís, Signature, Computer, Youth, and Secured Loans
will be deducted from my CSCU Savings when this notice is received.
will be deducted from my CSCU Checking when this notice is received.
I understand that by deferring my monthly payment(s) on my loan(s) (i) the final
payment date will be extended, (ii) I will be charged more interest over the life of the loan and (iii) the final payment amount will change due to the accumulated interest.
(iv) approval of this request to skip-a-payment is in the sole and absolute discretion of the Credit Union. I understand that any GAP policies I may have purchased will only cover an additional 2 (two) months of extended payment(s), therefore, should my deferral of payment increase the number of payments by more than 2 additional months, then the GAP policies will not cover the any of the payments in excess of the 2 additional months.
Members must be in good standing to qualify for this Skip A Pay. Loans that are 6 months old and less do not qualify for the Skip A Pay.
***ALL SIGNERS ON LOANS MUST SIGN THE DEFERMENT REQUEST!***
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