PROGRESSIONS CREDIT UNION (PCU) would like to help you free up some cash with our annual Holiday Skip-A-Pay Program. For a nominal fee, you may elect to skip your November and/or December payment on all eligible loans as outlined below.

The processing fee for each eligible loan payment skipped is:

  • Loans with payments of $50.00 or less $15.00 
  • Loans with payments of $50.01 – $99.99 $25.00 
  • Loans with payments of $100.00 or more $35.00 

Visa Credit Card payments may be skipped with a voluntary $10.00 minimum donation to Children’s Miracle Network (CMN). There is no processing fee for skipped Visa payments.  The Visa Skip-A-Pay donations collected, along with $5.00 from every processing fee paid, will be donated to the Children’s Miracle Network. The Children’s Miracle Network Hospitals treat children with afflictions such as: cancer, heart and muscular diseases, birth defects, cerebral palsy, AIDS and accident injuries.

To be eligible, your loan may not be secured by real estate, or a mobile home, have a term over 84 months or be opened for less than 90 days. PCU must receive your skip form 5 business days before the scheduled payment date. Other restrictions apply, so please see the Terms and Conditions found at the bottom of this page. 

Simply complete and return this form, indicating which month you wish to skip and your fee and/or Visa donation amount for each loan you wish to skip.

Terms and Conditions

Two Skip-A-Pays per qualifying loan are allowed per calendar year; this includes Summer & Holiday Skip-A-Pays.  To Skip-A-Pay you must pay the mandatory fee as stated in the terms of this letter, on/before your scheduled payment is to be skipped, except for Visa payments which have a voluntary $10.00 minimum donation to CMN. The processing fee on all other payments skipped is considered a FINANCE CHARGE as the overall cost of borrowing the money will increase.  Interest will continue to accrue during the skipped period. Normal payments resume the month following the skipped payment. Skipping a payment may extend the term of the loan.  On the final payment due date, all outstanding principal and interest must be paid. Skipping a payment modifies the loan contract between the borrower(s) and Progressions Credit Union.  To qualify for this offer, the member must be in good-standing on all accounts and loans (cannot be more than 5 days past due on any loan with the credit union). The skipped loan may not be classified as a workout or troubled debt restructure. Loans must have had at least one payment made. Loans may not be involved in a bankruptcy or in a consumer debt counseling program. Offer is valid November 1, 2017 and expires December 31, 2017. Other restrictions may apply.  This offer is non-transferable. Skip-A-Pays are subject to credit union approval. All parties to the loan including any cosigner/guarantors must sign this agreement on the reverse, and return to the credit union. Your voluntary VISA Skip-A-Pay donation to the Children’s Miracle Network may be tax deductible. Consult your tax advisor.