Skip A Pay

Which loan types are able to be skipped?

• Auto Loans

• Recreational Vehicle Loans

• Personal Loans

• Credit Cards

 

Which months are available to skip?

• November 2023

• December 2023

• January 2024

 

If I took advantage of Skip a Pay already in 2023, is my loan payment eligible to be skipped again?

Skip a Pay is only available for one skip per loan per rolling 12 month period, this includes previous skip requests due to hardship.

 

Is there a fee to skip my loan payment?

Yes, there is a processing fee of $35.00 per loan skipped.

 

How do I apply to skip my loan payment?

Complete the Skip A Pay Request & Authorization form.

 

What do I do with my completed request?

The completed form can dropped off at one of our five AHCU branches or mailed to our Coon Rapids branch:

AHCU
Attn: Skip A Pay Request
3505 Northdale Blvd NW
Coon Rapids, MN 55448

 

How will I know if my loan payment is eligible to be skipped?

AHCU will only contact you if your loan payment is NOT eligible to be skipped.  They will explain the reason your loan was not eligible to be skipped.  

 

Disclosure 

I/We understand that by submitting this request to Anoka Hennepin Credit Union (AHCU), I/we are requesting to skip the monthly
payment indicated above on the indicated loan. I/We also understand that interest will continue to accrue on my/our outstanding
balance during this time and the term of my/our loan may be extended. I/We understand that if I/we fail to submit this request within 10
days before the due date of the monthly payments I/we would like to skip, my/our normal loan payment will be due on the normal
scheduled due date; or if subject to transfer will be made on the scheduled due date. Should this occur and funds are not available to
complete my/our normal loan payment, I/we may be subject to Late Fees as outlined in my/our loan agreement(s). Payments made
cannot be refunded. AHCU reserves the right to revoke this offer if any of my/our account(s) are in default or if I/we fail to meet any
other condition or criteria of this offer as specified herein. I/we understand that this request can only be used for the specified loans
and is only available for one skip per loan per rolling 12 month period, this includes previous skip requests due to hardship. The offer
does not apply to real estate secured loans, business loans, GPS loans, Drive4Less Loans, Relief Loans or open ended lines of credit with
the exception of credit cards. Payments made by credit union transfer or AHCU loan origination from another financial institution will be
suspended for the month skipped. I /We understand after the skip payment period my/our normal monthly payment will resume on the
first due date following the skip payment period. I/We understand that I/we will be responsible for stopping payments made by Bill
Payment initiated either through AHCU or another financial institution and re-initiating the bill payment after the skip period. A $35 fee
will be assessed for each Skip A Pay processed. The fee cannot be deducted from your $5 minimum share balance and the payment will
not be skipped unless the fee has been paid. Payment amounts of $100 or less are not eligible for Skip A Pay. Mastercard statements
will continue to cycle and be delivered during the month that is skipped. Qualifications and restrictions apply. Offer subject to change or
termination.