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Skip-A-Payment

 

Relief is here.

We know these unexpected changes to our daily lives can cause a stressful time financially. To help as much as possible, we are offering Emergency Relief Skip-a-Payments on loans. This is in addition to our regular skip option we offer every 12 months. We WILL WAIVE the standard fee for these Emergency Relief Skip a Pays. 

You may utilize an emergency skip per qualifying loan with due dates between March 1, 2020 and July 31, 2020. Please submit your request during the month in which you wish to skip. For example, do not request to skip June’s payment until June. 

SBA Business Loans and severely delinquent loans are not eligible for skip. For skipping other business loans, please email us. Please remember that the original term of your loan will be extended by one month, and interest will continue to accrue on your loan, even if no payment is due. If you skip your Visa payment, you are not eligible for a grace period. If you experience a total loss or unrecovered theft of your vehicle and have purchased Guaranteed Asset Protection (GAP) coverage, a skip-a-pay may reduce your GAP coverage by the amount of your monthly payment plus the skip-a-pay fee.

Online Banking Users

Log in or sign up  to request your skip from within Online Banking or Mobile Banking for a quicker, easier experience! 

FEE WILL BE WAIVED. REMEMBER TO CANCEL ANY SCHEDULED TRANSFERS AFTER YOUR SKIP IS PROCESSED.

Non-Online Banking Users

Click here to request your skip. For faster processing, please log into Online Banking above.

 

 

Below are the usual qualifications for our year-round Annual Skip-A-Pay

Here’s how it works:
    • Decide which one (1) month throughout the calendar year that you’d like to skip your payment(s).
    • Decide on which loan(s) you want to skip a payment.*
    • Meet the eligibility requirements outlined below.
    • There may be a Skip-A-Pay fee.*

Eligibility Requirements:
    • You must be a member of Great Basin FCU with a minimum balance of $25 in a Primary Savings Account.
    • The loans you wish to skip must be paid current at the time of the skip.
    • A minimum of 6 payments must have been made on the loan at the time of the skip request.
    • The loans you wish to skip have not been over 30 days delinquent in the last 6 months.
    • You cannot have a negative balance on ANY of your Great Basin FCU accounts.
    • You did not receive “Hardship Assistance” from GBFCU in the past 12 months.
    • Other restrictions may apply.

Request a skip:
Within 20 days before your due date,
    • Log in to Online Banking and click on “Skip a Payment” in the Additional Services menu
    • OR contact a member service representative at 775.333.4228
    • OR visit one of our three branch locations

*NOTE: Real estate, home equity credit lines, overdraft credit lines and Visa loans are not eligible for deferral under this offer. Depending on loan type, there will be a maximum number of total skips. There may be a fee to skip your payment; this will be disclosed before you complete the skip. Skip fees are waived for members with active checking accounts (activity within last 90 days). Great Basin Federal Credit Union will send a confirmation of your requested Skip-A-Payment approval status. Interest will continue to accrue during deferral period. If you experience a total loss or unrecovered theft of your vehicle and have purchased Guaranteed Asset Protection (GAP) coverage, a skip-a-pay may reduce your GAP coverage by the amount of your monthly payment plus the skip-a-pay fee.

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