With Christmas just around the corner, you can skip-a-payment on your eligible loan. Whether you need a break, want to purchase extra Christmas gifts, or whatever the reason may be, here's how it works. Take advantage from November 1, 2025 - January 31, 2026.
Details
- Skip one loan payment on vehicles, motorcycles, boats, RVs, rec vehicles, secured and unsecured loans, and credit cards
- $25 one-time fee
- Interest will continue to accrue on your balance
- Skip-a-payment does not reduce your term or your balance
- Account must be in good standing
Not eligible
- Mortgages and home equity loans
- Members with a charged-off account
- Bankruptcies
How to Skip-a-Payment
- In your online banking and mobile app - Select the menu bar, then "Payments" and then "Skip a Payment"
- Stop by a SWACU branch
- Give us a call
*By opting for Skip-a-Payment, you request that SWACU defer your loan payments as indicated. You agree and understand that: 1) Finance charges will continue to accrue at the rate provided for in your original loan agreement, during and after that time; 2) deferring your next payment will result in you having to pay higher total finance charges than if you made your payments as originally scheduled; 3) this payment deferral will extend your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off per your original loan terms; and 4) you will be required to resume your regular monthly payments in the following month. If you previously elected to purchase any GAP or insurance products on this loan, coverage will be extended and will not terminate on the original maturity date of your loan. Skip-a-Payment request subject to a $25.00 fee. Loan extensions of any kind are subject to SWACU approval. Real estate and short-term loans are not eligible. If your loan payment is deducted from another financial institution; we must receive notice 15 days prior to the due date to suspend that payment for one month. Additional restrictions may apply. Insured by NCUA. Equal Housing Lender. Equal Housing Lender. Offer valid 11/1/25-1/31/26.
