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Take it easy with Texell's Skip-a-pay!

Did you know you can skip your eligible loan payments up to two times every 12 months, as long as they are not back-to-back payments (e.g., January and February)? You choose the month(s) to skip your loan payment, giving you a little extra room to breathe. When you need to press pause, Skip-a-pay is here!

Skip your next monthly payment for a reduced processing fee of $25 when you use Digital Banking. To take advantage of this discounted $25 option (per loan), simply log into your Digital Banking account and follow the step-by-step instructions below. That’s a month without a payment and a savings of $10 per loan when you use Digital Banking!

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Login to your account 

If you do not wish to skip your payment(s) using Digital Banking and take advantage of the $10 per loan discount, download the form from and return it. Remember, the processing fee for this option is $35 per loan.

Download Skip-a-pay form

By submitting a Skip-a-pay request, you authorize Texell Credit Union to advance your loan due date by one month on the loan(s) indicated and acknowledge that this may extend the maturity date of your loan(s). You also acknowledge that this request does not change your legal obligation to the credit union, that your loan agreement with the credit union provides for regular monthly payments, and that the credit union is merely informally permitting you to defer payment for the month(s) indicated. Interest will continue to accrue on the unpaid balance during the month you skip a payment. A $25 processing fee for Skip-a-pays completed through Digital Banking or a $35 processing fee for all other Skip-a-pays will be assessed for each loan you choose to skip a payment, and when payments resume, unpaid interest will be collected first. The processing fee is non-refundable and must be paid at the time your loan payment is skipped and cannot be rolled into the loan(s) balance. You acknowledge that Guaranteed Asset Protection (GAP) contracts only allow for one (1) skipped payment or loan extension over the life of the loan. Any additional skipped or extended payments will be deducted from the amount paid if a GAP claim is made. Express, Credit Builder, Yes!, Employer, Home Equity, Home Improvement, Land, Mortgage, One-Time Payment, Fresh Start, Lines of Credit, Credit Cards and loans 15 or more days delinquent are not eligible for Skip-a-pay. Loans that have been 30 days past due within the last year are not eligible for Skip-a-pay. Loan payments must have been on time during the 3 months preceding this request and all accounts at the credit union must be in good standing. If approved, your regular monthly payment schedule will resume immediately following the month you indicate on your request form. No more than two, non-consecutive monthly payments may be skipped in a 12-month period.

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