Review the following terms to determine whether or not your Bellco Federal Credit Union loan* qualifies. If it does, print the Skip-A-Payment coupon or stop by Bellco’s office.

When we have approved the Skip-A-Payment option, we will skip the next monthly payment due on your loan if payment is due monthly, two payments if payment is due semi-monthly or bi-weekly, and four payments if due weekly.

*Please note that Home Equity Lines of Credit, VISA® Credit Cards, loans newer than 3 months DO NOT qualify for this promotion. Bellco has the right to accept or deny Skip-A-Payment requests at our discretion.

Coupon
It must be complete including any co-borrower's signature if applicable. Incomplete coupons will be returned. Download Skip-A-Payment coupon.

Multiple Loans
You may copy the coupon if you would like to Skip-A-Payment on more than one qualified Bellco loan.

Fee
There is a $35 fee for each qualified Skip-A-Payment. The fee may be withdrawn from your Bellco account, paid by cash, or by check made payable to Bellco FCU. Please do not mail cash.

Payment Information

1. Payroll deduction/direct deposit- Amount of loan payment will remain in your Bellco savings or checking account.
2. Monthly transfer from Bellco savings/checking- Your automatic payment will not be transferred to your loan on the skipped month; your payment will remain in your Bellco savings or checking account.
3. Electronic withdraw from another financial institution- Payment will still be withdrawn from your other financial institution and deposited into Bellco savings account for month skipped.

Frequency

1. One Skip-A-Payment option per loan is permitted per calendar year.
2. Skip-A-Payment option may be used a maximum of 3 times during the life of the loan.
3. If you have an Auto loan with GAP Insurance, you may only use the Skip-A-Payment option 2 times within the life of the loan without affecting the GAP payout at total loss.

Final Payment Date
It will be extended to allow you to pay your skipped payment at the end of your loan. Please note that interest will continue to accrue at your normal contract rate on your unpaid loan balance during the skipped period but you will not owe a late charge for skipping your payment. In addition, all other terms and provisions of your loan will remain the same.