kids having fun in summer

Summer Skip a Pay

Free up extra funds with a summer Skip a Pay 

 

Take a break from your loan payment

If you would like to skip your June, July or August payment, please click here to get the form or call us at 801-627-8700.

 

Skip-a-pay details*:

  • There is a $25 fee per loan payment skipped
  • Skip up to two payments (not consecutively) every year
  • Loan must have been opened one month prior and made at least one payment
  • Loan must be current and in good standing
  • Skips exclude all real estate (including HELOCs), Overdrafts and VISA payments
What happens to my payment?
  • Interest on the loan will continue to accrue
  • Payment will be added to the end of the loan
  • Paid-ahead loans are excluded
  • Any insurance on the loan will expire on its original expiration date

 For more information, please call us at 801-627-8700 or contact a representative.

Skip a Pay Frequently Asked Questions

  • Can I skip payments for different loans?

    Members are able to skip up to (2) payments (not consecutively) each year for each consumer loan (excludes all real estate, HELOC, Overdraft and VISA) as long as you meet the requirements.

  • Does it cost me anything to skip my loan payment?

    There is a $25 fee for each loan that you are skipping. Interest on your loan will continue to accrue during the skipped month and any insurance on the loan will expire on the original loan maturity date. 

*Skipping a payment will extend the loan(s) and will not affect the payment record since the skipped payment will be added to the end of the loan(s). Interest will continue to be calculated on the outstanding balance. Payments will resume in July 2026, August 2026 or September 2026, respectively. If applicable, credit insurance coverage will expire on the original loan maturity date. Eligible loans ((Mortgage, Home Equity Line of Credit, Overdraft and Visa® Card payments are not eligible) must have been opened prior to May 1, 2026, made at least one payment, and in good standing at the time of the skip, interest will continue to accrue. Payment will be added to the end of the loan term. Call 801.627.8700 for more information.