Take a break and…Skip-A-Payment!

You deserve a break. Crescent Credit Union can help by allowing you to skip a payment on your qualifying loan.

With Crescent's Skip-A-Pay program, qualified applicants can skip a loan payment up to two times each year. (The program excludes real estate loans and overdraft lines of credit.)

For a low $45 processing fee, you can skip your loan payment for one month, freeing up some extra cash for whatever you choose to spend it on! We’ll deduct the fee from your Crescent checking or savings account, or you can include a check when you submit the completed request form.

It's easy to apply:

1. Fill out a Skip-A-Pay request form.
2. Print and sign the form (2 signatures are required if there
   is a co-borrower on the loan).
3. Fax it to us at 508-559-5433, drop it off at your nearest branch, or mail it to:
   Crescent Credit Union, P.O. Box 4290, Brockton, MA 02303-4290
4. If you have automatic payments to your loan, you are responsible for
   suspending the automatic payment for the month you choose to skip.
5. We will contact you only if your request is denied.
   

Any questions? Call Crescent today at (508) 408-6390.

By submitting a Skip-A-Pay Request Form, you authorize Crescent Credit Union to extend the original term of your loan by one month. If there is a co-borrower on the loan, both signatures are required to authorize the skipped payment. You will be required to resume your payments the following month. Interest will continue to accrue at the rate provided in the original loan agreement during and after this time. Skipping a payment will result in additional interest paid as opposed to if you made your payment as originally scheduled. The $45 processing fee per loan will be automatically deducted from your account as indicated (or by enclosed check). Loan must be at least three months past origination to be eligible. Real estate loans and overdraft lines of credit are excluded from this offer. If you have automatic loan payments originated by Crescent Credit Union, we must receive your skip-payment request at least three days prior to your due date, otherwise the skip will be applied to the following month. If you made other arrangements through an employer or other financial institution for automatic or electronic loan payments via ACH, EFT, payroll deduction, or direct deposit, Crescent Credit Union cannot stop these types of payments, and it is the member’s responsibility to do so. Transfers from other institutions to deposit accounts at Crescent will not be affected by the skip request. You are allowed to skip one monthly payment per request. Only two payments may be skipped in a given year, up to a maximum of six times over the life of the loan. At least three payments must be made before another skip-a-pay may be processed. Life and disability insurance coverage ends at original maturity date. All loans must be current and in good standing to qualify. All skip-a-pay requests are subject to approval. Certain restrictions apply.