Skip A Pay Terms And Conditions

A Skip-a-Pay allows Baton Rouge Telco FCU to offer you the opportunity to skip a payment on your consumer loan to help free up cash, plan a vacation, or cover unexpected expenses. As long as you have a qualified loan¹ you can skip a payment today!

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• Take a break from your loan payments
• Available on most loans
• Skip-a-Pay is not allowed on Real Estate, Line of Credit, Collection Workout, Credit Cards and Commercial Loans.

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1 — Qualified Loan: Must be a member in good standing¹ and all of your loans (including individual, joint or co-borrower) and accounts are current² as of the receipt date and no delinquency³ within the past 6 months to participate in the Baton Rouge Telco FCU Skip a Payment Program. This program is not available on new or recently granted loans until 6 months of payments have been received. Real estate, Line of Credit, Collection Workout, Credit Cards, and Commercial Loans are excluded from this offer. Secured loans (autos/recreation) are allowed 1 skip a payment in a rolling 12 month period.

By selecting submit, you authorize Baton Rouge Telco FCU to extend your final loan payment on the loan selected by one month. You understand the interest on your loan will continue to accrue during the month your payment is skipped and that by skipping a payment, you are extending the original term of the loan. Any payment made through payroll deduction or automatic transfer will remain in your account from which the payment is normally allocated. The $35.00 processing fee per loan will be deducted from the account you selected upon receipt of the completed request. If the $35.00 is not available when the request to skip a payment form is received, the payment will not be skipped and the request will be null and void. You will then have to resubmit the request form when the funds are available before the skip a payment will be placed.

1. Good Standing — defined as no overdrawn share/checking accounts.
2. Current — defined as less than 30 days past the scheduled payment date.
3. Delinquent — defined as 30 days or greater past the scheduled payment date.

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How to Apply:

Submit your request from within online banking, or call to speak with a representative.

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Disclosure:

At Baton Rouge Telco Federal Credit Union, your savings is federally insured to at least $250,000 and backed by the full faith and credit of the United States Government - National Credit Union Administration (NCUA), a U.S. Government Agency. Baton Rouge Telco Federal Credit Union is an equal opportunity housing lender.

We may provide links to third party sites, independent from Baton Rouge Telco Federal Credit Union. These links are provided only as a convenience. Baton Rouge Telco Federal Credit Union does not manage the operation or content of the website you are about to enter. The privacy and security policies of the site may differ from those of Baton Rouge Telco Federal Credit Union.

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