Skip A Pay
Start HereSkip A Pay
Start HereTake A Break From
Your Loan Payment
Put the money back in your wallet with Progressions Credit Union’s Skip A Pay Program. Free up some cash for the summer on qualifying loans*.
Our Summer Skip A Pay Program allows you to skip your loan payments in June or July. You choose which month is best for you and your financial needs!
Next Steps
Grow Your Membership
Resources
Your savings journey is important to us. We offer free financial education so you can continue your knowledge and understanding of financial topics that will help you achieve your goals.
Online Eligibility
See if you qualify through online banking following these simple steps:
- Log into your It’s Me 247 online account and look for the SP icon next to the loan.
- Click on “More Info” to proceed. After reviewing the details of the loan, click on the Skip-A-Pay button. If the loan qualifies, select the account from which to charge the Skip-A-Pay fee, read the terms listed on the page, and click agree.
- Next, click Submit and review the information about any automatically scheduled payment you may have on the loan.
- Finally, click on Continue for the skip to be processed and you will return to your online banking page.
In Branch Eligibility
If you are not able to access online banking, you can complete our form below and submit it to the credit union for it to be processed for you.
Things to Consider
If your loan payment is set up for automatic payments, you will need to contact the credit union to suspend the payment for the month you skip. Please notify the credit union at least 5 business days prior to the loan skip.
To participate in the Skip-A-Pay, you must pay a $35.00 processing fee for each eligible loan skipped. A portion of all processing fees collected will be donated to the Children’s Miracle Network. All requests are subject to approval.
Take A Break From
Your Loan Payment
Put the money back in your wallet with Progressions Credit Union’s Skip A Pay Program. Free up some cash for the summer on qualifying loans*.
Our Summer Skip A Pay Program allows you to skip your loan payments in June or July. You choose which month is best for you and your financial needs!
Want your money in
your hands quicker?
Next Steps
Grow Your Membership
Resources
Your savings journey is important to us. We offer free financial education so you can continue your knowledge and understanding of financial topics that will help you achieve your goals.
Online Eligibility
See if you qualify through online banking following these simple steps:
- Log into your It’s Me 247 online account and look for the SP icon next to the loan.
- Click on “More Info” to proceed. After reviewing the details of the loan, click on the Skip-A-Pay button. If the loan qualifies, select the account from which to charge the Skip-A-Pay fee, read the terms listed on the page, and click agree.
- Next, click Submit and review the information about any automatically scheduled payment you may have on the loan.
- Finally, click on Continue for the skip to be processed and you will return to your online banking page.
In Branch Eligibility
If you are not able to access online banking, you can complete our form below and submit it to the credit union for it to be processed for you.
Things to Consider
If your loan payment is set up for automatic payments, you will need to contact the credit union to suspend the payment for the month you skip. Please notify the credit union at least 5 business days prior to the loan skip.
To participate in the Skip-A-Pay, you must pay a $35.00 processing fee for each eligible loan skipped. A portion of all processing fees collected will be donated to the Children’s Miracle Network. All requests are subject to approval.
Contact us to expand your membership.
Team Purple is ready to help you grow your financial dreams.
Become a Member. Become an Owner.
Experience the Team Purple difference.
Contact us to expand your membership.
Team Purple is ready to help you grow your financial dreams.
Become a Member. Become an Owner.
Experience the Team Purple difference.
*To be eligible, your loan may not be a Visa credit card, secured by real estate, or a mobile home, have a term over 96 months or be opened less than 90 days. Two Skip-A-Pay per qualifying loan are allowed per calendar year and both monthly payments may not be skipped back-to-back in consecutive months; this includes Summer & Holiday Skip-A-Pay. To Skip-A-Pay (Skip) you must pay the mandatory fee as stated in the terms of this letter, on/before your scheduled payment is to be skipped. The processing fee on all 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. Please note, skipping a loan payment may affect any Guaranteed Asset Protection (GAP) Claim made under any GAP policy in force protecting your loan. Your claim amount may be reduced due to the Skip-A-Pay. By agreeing to the Skip-A-Pay, you understand and accept any impact to your GAP coverage. Inquire with the GAP provider directly with any concerns. 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 June 1, 2024 and expires July 31, 2024. Other restrictions may apply. This offer is non-transferrable. Skip-A-Pay are subject to credit union approval. All parties to the loan including any cosigner/guarantors are considered to have agreed to these terms.