The following requirements apply:
- Request must be submitted ten (10) days prior to the loan due date.
- $35 fee is NOT part of the skipped payment. $35 fee must be deposited into your account.
- One skip-a-payment per loan per calendar year and never in consecutive months.
- All account balances must be current.
- Interest will accrue on the loan balance during the month of the skipped payment.
- Member's signature authorizes GCTFCU to extend the loan duration by one month.
|