During those times when money is tight and you need a little extra cash, skipping a loan payment may be a solution for you. Our MEMBERS1st Skip-a-Payment program lets members skip one month’s worth of payments on qualified loans, provided certain requirements are met. There is a $30 fee per loan, not per payment skipped.
HOW TO SKIP YOUR PAYMENTS:
1) Through Online Banking: If eligible to skip a payment, you will see an SP next to your loan payment amount. Click it and follow the prompts.
2) By Fax or In Person: Download the skip a pay application, then fax it to us at 515-232-5672 or drop it off at any branch location.
If you have questions about skipping your loan payment, or if you need help submitting the form or setting up Skip-a-Pay in Online Banking, give us a call at (800) 245-6199.
Rules and Information
- Members can apply by one of the methods listed above
- Weekly/Bi-weekly/Semi-monthly loan repay terms eligible – cannot be handled through Online Banking.
- 1 fee of $30.00 skips one month’s worth of payments, ie: 4 for weekly payers, 2 for Bi-weekly/Semi-monthly.
- Fee of $30.00 per payment per loan