Skip-a-Pay
 

* Funds must be available in order to deduct the correct administrative fee from your Santa Ana Federal Credit Union account. You can take advantage of this offer provided none of your Santa Ana Federal Credit Union loans or credit balances are delinquent or in bankruptcy proceedings. Accounts with unpaid fees must be paid in full. At least 6 payments must have been made on a new loan to be eligible for this offer. Only two Skip-A-Pay requests will be approved per 12 month period. The following loans do not qualify for Skip-a-Pay: Business-Secured Loans, Commercial Loans, Delinquent Loans, Lines of Credit, Single Pay Loans, Loans paid ahead more than 90 days, Real Estate Loans, Visa Credit Card Accounts. Each skipped payment has an administrative fee based on your monthly loan payment - $30.00 for monthly loan payments between $25.00 - $499.99 and $60.00 for monthly loan payments greater than $500. The interest on your loan will continue to accrue and the skipped payment will set your expected pay-off date back more than one month. If you have GAP insurance, skipped payments may be considered as delinquent payments if within the past 12 months. If your loan payment(s) is/are automatically deducted from your paycheck or from another institution, we will deposit your payment into your regular SAFCU savings account (Share 1) on your payment due date. You understand this type of arrangement does not constitute a new loan; however, the terms and conditions of your current loan(s) will change in that the payment(s) deferred plus interest will be extended at the end of your original loan(s) term. ​