Skip a Payment

Take a Break From Your Loan Payment

When you just need a little extra cash in your pocket, skipping your next loan payment could be just the ticket to get you ahead. Honor Credit Union’s Skip-A-Pay program allows members to skip a monthly payment on a qualifying loan as long as certain program qualifications are met.

Free Up Some Extra Cash
When You Really Need It

Auto, Recreational Vehicle,
Personal & More Loans Eligible

Easily Skip Your Payment
Within Online Banking

How to Skip A Payment

Skipping your next payment is a snap! You can do it from the comfort of your own home within Online Banking, or you can download the paper form below and return it to us via email or text. As always, you can also stop by any local Honor member center to complete the Skip-a-Pay process!

Online Banking

The easiest and most convenient way to skip your next loan payment is through online banking. Simply follow these three easy steps:

1. Log in to Online Banking

2. Find the eligible loan you wish to skip a payment on

3. Click the “SP” button, and follow the prompts

example of how to skip a payment in honor credit union online banking

Email or Text

If you don’t use Honor’s online banking, you can still skip a loan payment by downloading the below and returning it to us via email, text, or by dropping it off at a local Honor member center.

Email

  1. Download and print the Skip Payment Form.
  2. Scan the filled out form to your computer and email it to memberservices@honorcu.com.

Text

  1. Download and print the Skip Payment Form.
  2. Snap a clear picture of the entire filled out form on your phone and text it to 800.442.2800.

  • Your account must be in good standing. This means all loans and account balances must be current and in good standing when the Skip Pay Coupon is received by the credit union.
  • Loan must be open for a minimum of (6) months prior to skipping loan payment.
  • Limit (2) skip pays per calendar year and skipped payments cannot take place in consecutive months.
  • Form must be signed by at least one borrower.
  • Real estate, lines of credit, and credit card loans are not eligible for this offer.
  • Limit (8) skip pays per life of any specific loan.
  • There will be a $40 skip pay application fee per loan. If you choose to have the application fee deducted from your credit union account, the funds must be available for withdrawal.
  • If you choose to skip your payment and your loan payment automatically transfers from an Honor account, it will not transfer during that month. You will not need to do anything with your automatic transfers, except in the following circumstances:
    • If you skip the payment on the day it’s due, please contact the credit union to stop the automatic transfer and for assistance advancing your due date forward.
    • If you choose to skip your payment and your loan payment automatically transfers from an outside source, you’ll need to contact the automatic payment source to stop that month’s payment.

By completing a Skip-A-Payment you are requesting Honor Credit Union to advance the loan due date equal to one month’s payment. You understand that the current balance of the loan is extended by the amount of the payment skipped and that interest will continue to accrue on your loan balance throughout the deferred payment period, which may further extend the term of your loan. If there is more than one borrower on a loan, only one borrower is required to authorize a Skip-A-Payment request.