ETMA FEDERAL CREDIT UNION
SKIP-A-LOAN-PAYMENT
Any member in good standing and current on their present loan payments may take advantage of our skip-a-loan-payment program. You may choose to skip your December 2011 or January 2012 payment. This offer applies to all loans with the credit union (except VISA, Real estate, and Line of Credit loans). There will not be a penalty for skipping a payment. Your loan(s) will continue to accrue interest during the month you skip your payment. The payment skipped will be added to the end of your loan(s) and will extend your final payment(s) by one month. Your payroll deduction will not be affected in any way.
The credit union will charge $25.00 per loan to cover the cost of this promotion. If you would like to skip your payment, just fill out the information below and mail, fax or bring it to the credit union. Please bring your fee or sign for the fee to be taken from your account. This form must be received and all fees before the payment is due.
Member Name ______________________
Account # ______________ Loan # _____________
Payment date to skip ______________
Indicate form of fee payment below ($25.00 fee per loan must be paid in advance):
Enclosed is my check for the fee ____
Please withdraw the fee from my share or share draft account ____
By signing below, I acknowledge that if my loan is covered by GAP Insurance that the amount of the skipped payment plus any accrued interest and fees will not be included in any future GAP claim.
Member Signature _______________________ Date _____________
Mail, fax or bring form to: ETMA FEDERAL CREDIT UNION Fax #865-970-0064
1828 Airbase Road
Louisville, TN 37777-4204
Copy this form as needed; you must use one form for each loan you’re extending.
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