We Are Here To Help. We’re In This Together.
We understand that the rapidly-evolving COVID-19 situation poses unique challenges for everyone and some of our members may have difficulty making their monthly payments. CBI Federal Credit Union is committed to helping you find solutions in this time of uncertainty. We are currently offering a Skip-a-Pay program that lets you keep cash in your pocket by skipping a loan payment when you need it most!
How Does It Work?
If you choose to skip a payment, your current due date will be advanced one month forward, just as if you paid. Interest will continue to accrue on your loan during the skipped payment period and your loan maturity date will be advanced one month forward. All terms and conditions will remain the same and you'll resume your next regular payment.
Eligible Loan Types:
- New or Used Auto Loans
- Motorcycle /ATV/Personal Watercraft Loans
- Signature Loans
The following CBI FCU loan types are not eligible for the Skip-A-Pay program:
Fill Out Our COVID-19 Skip-A-Pay Request
- You are responsible for stopping the payment for the month you are skipping if you've set it up through CBI FCU Virtual Branch or another financial institution's bill payment service, or if your payment is initiated by another financial institution.
- We are unable to reverse any payment you have set up that was not stopped for the chosen month.
If you need additional information regarding Skip-a-Pay, please contact us at 815-439-6269.
Let CBI FCU Help!