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Stay Ahead of Financial Challenges with CTECU’s Skip Payment Program 

We understand that life can be unpredictable, and sometimes you need a little extra help. That's why we're proud to offer our Skip Payment Program as a convenient way to manage your finances. 

Benefits of using our Skip Payment Program include: 


We believe that our Skip Payment Program can make a big difference in the lives of our members. Whether you need help with a one-time expense or are facing a longer-term financial challenge, we're here to support you. 

So, if you're a member of Calcasieu Teachers and Employees Credit Union and need a little extra help, consider using our Skip Payment Program. Contact us today to learn more or to request a skip payment. 

SKIP-A-PAYMENT REQUEST FORM

Each loan is allowed up to two skipped payments each year with at least 6 months between each skipped payment. Some restrictions do apply and not all loans are eligible for skip payments. Loans must be in good standing at the time of the request. There is a $25 processing fee for each loan payment skipped. All requests must be received at least 3 days prior to the loan due date.

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Fee Payment Source ($25 fee will be applied for each loan):

AGREEMENT
By participating in Calcasieu Teachers & Employees Credit Union's Skip-a-Payment Program, you request that the Credit Union defer your loan payments as indicated. You agree and understand that: 1) you may skip up to one (1) payment per qualified loan during an eligible period; 2) a Skip Payment fee of $25 per loan will be deducted from your Credit Union Savings or Checking account indicated, at the time the request is processed; 3) finance charges will continue to accrue at the rate provided in your original loan agreement, during and after this time; 4) deferring your payment will result in your having to pay higher total finance charges than if you made your payment as originally scheduled; 5) the payment deferral will extend the term(s) of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off; 6) you will be required to resume your payments the following month. Automatic transfer/Payroll Deduction records to a Credit Union Deposit or Loan will NOT be skipped automatically. Contact the Credit Union if you wish to skip the payment; 7) if you elected Guaranteed Asset Protection (GAP) or Mechanical Repair Protection, the coverage will not be extended beyond the original maturity date; 8) if you elected Credit Insurance or Debt Protection, the monthly premium will continue to be added to the loan during and after the month of the skipped payment; 9) certain restrictions may apply; excludes all real estate loans, second chance loans, any loan deemed as loan specials (12-7-12, vacation, etc...), any loan under a workout plan, and any courtesy pay repayment plan; 10) the skip payment application must be received no later than three (3) business days before the loan payment is due; 11) all deferrals are subject to Calcasieu Teachers & Employees Credit Union approval. Your loan(s) must be current (cannot currently be over 10 days delinquent) and open for at least 3 months with on-time payments to qualify.

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