Skip-A-Pay

Improve Your Cash Flow

Has something come up this month where you're just a little strapped for cash? Maybe the holidays just passed and your need a little more or you need a little bit more for a special trip or event? Skip-A-Pay1 allows you to "Skip" up to two payments every 12 months if you have a loan with us. While it may seem that the payment just goes away, it is actually deferred and added to the end of your loan's term. Deferring a payment will not add any service charges nor will it impact your credit score.

How to Skip-A-Pay

  1. Log in to FSCU Digital Banking and navigate to the Skip-Pay screen.
    If using the mobile app, tap "Menu" in the bottom right corner > "Manage My Loans" > "Skip-A-Pay".
    If using a web browser, go to "Loans" > "Manage My Loans" > "Skip-A- Pay"
  2. Select an eligible loan you'd like to skip.
  3. Choose an account to cover the $35 service charge.
  4. Review your selections, then press "Confirm" to skip your next payment.

Skip-A-Pay FAQs

Vehicle loans and personal loans are eligible for Skip-A-Pay.

You can check to see if you loan is eligible for Skip-A-Pay by logging into Digital Banking. Here is the criteria for eligibility:

  • The loan must have been open for at least 6 months.
  • The loan must have had at least 3 months of consecutive on-time payments.
  • The loan cannot be over 15 days past due.
  • The loan cannot have 2 skips in the last 12 months.
  • You cannot have 30 days late payments due in the last 90 days or no more than one 30 day late payment in the last 12 months.
  • You cannot have a negative account over 20 days negative
  • You cannot have had more than one skipped payments in the past 12 months.
  • You cannot have any First Service loans in a past due status.
  • You cannot have a negative share.
  • The loan cannot be a real estate loan, home improvement loan, home equity loan, home equity line of credit (HELOC), Visa® credit card, CD secured loan, or a balloon payment loan.
Only the primary borrower is able to request a Skip-A-Pay. Joint borrowers are not able to request to skip a payment.
No, it will not affect your credit score if you use Skip-A-Pay.
Please contact the credit union at 713-676-8961 if you need assistance with your loan. There may be other options available to you such as a loan deferral.
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Skip-A-Pay eligibility is subject to approval. A fee of $35 will be charged for each loan on which a payment is skipped. All loans must be current and accounts must not have a negative balance. Only two skipped payments allowed in any 12 month period. Loans must have six months payment history and must have had three consecutive monthly payments to be skipped. Account must not have been more than 30 days delinquent during the past year on any loan. Regularly scheduled payments will resume after the deferral period. Interest at the agreed rate will continue to accrue on the unpaid balance of the loan. Deferment of payment will extend the life of the loan and may cause an increase in the final payment amount that was stated on the initial loan disclosures. For auto loans with Guaranteed Asset Protection (GAP) coverage, more than two Skip-A-Pay extensions over the term of the loan may cause a deficiency balance in the event of a total loss. Excludes real estate loans, home improvement loans, home equity loans, home equity lines of credit (HELOC),Visa® credit cards, CD secured loans, and balloon payments. Commercial loans are not eligible for Skip-A-Pay.