Zeal Credit Union


Skip-A-Pay Will Help You Save Some Dough.
At Zeal Credit Union we know you work hard for your loans. You deserve loan programs that work hard for you too! Members of Zeal Credit Union are allowed to skip two loan payments per year!* You have control over which loans you skip, and when you skip them.

How does it work?
Members looking to skip a loan payment simply have to log in to their online banking account, and click the “Additional Services” tab to access the Skip-A-Pay feature. Once you access your Skip-A-Pay page you will simply follow the instructions on the screen to complete your request.

Your Skip-A-Pay page will list all of your loans, as well as any notes regarding the eligibility of the loan. You will be allowed to skip any two non-consecutive payments per year for qualified loans! * Please note that there is a $25 application fee per skipped loan payment. If you do not have Online Banking you may enroll for the service by clicking here, or you may visit a branch to take advantage of the Skip-A-Pay feature.

* All requests are subject to approval. There is a $25 processing fee per request. The $25.00 will be charged to the loan you request whether it is approved or denied. Eligible loans are those loans that have made a minimum of 4 consecutive full monthly payments with satisfactory history and payment amount of at least $30. Eligible loans cannot be more than 9 days late or paid ahead more than 60 days. The request must be received at least 4 business days before due date. The account must be in good standing without any charged off deposits or loan accounts. If the loan is held jointly, all owners must approve. The following loans are not eligible: Visa, First Mortgages, Home Equity Interest only and Payday loans. Other restrictions may apply. Visit https://www.zealcu.org/skip-a-pay/ for more information.
Other important information: This offer is subject to final approval of Zeal Credit Union. If your loan payment is made via ACH or Automatic Transfer the total monthly payment amount will not be credited to your loan account for the month you elected to skip. Finance charges will continue to accrue daily at the Annual Percentage rate set forth in the loan agreement, both during and after the deferral period. This means it will result in higher total finance charges and possibly a higher total number of payments, than if made as originally scheduled. Therefore, extra payment (s) may/will have to be made after the loan would otherwise have been paid off. In all other respects, the provisions of the original agreement remain in full form and effect. Regularly scheduled payments will resume with the payment due during the month following the deferral. This may/will affect GAP coverage on your loan.


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