There is a $35.00 non-refundable processing fee for each monthly payment skipped. $5.00 of each processing fee will be donated to the Maine Credit Union League Campaign for Ending Hunger. If your request is not approved, you will not be charged the processing fee.

The Skip-A-Pay program is limited to one (1) skip per 12-month period. You may only skip five (5) loan payments during the life of each loan.

No payment will be required on your loan for the month skipped; however, you are required to resume your regularly scheduled payments the following month.

For automatic payments initiated from a Maine Family account:

1. ACH and Internal Transfers – For an ACH initiated by Maine Family FCU, a request to stop a monthly payment transfer must be recieved at least seven (7) business days prior to the scheduled transfer date. If it is a weekly or bi-weekly transfer, the Credit Union must receive the request thirty (30) days prior to the scheduled transfer date. The same requirements apply to internal transfers.
2. Online Bill Pay – You will need to log into Maine Family FCU’s Bill Pay to stop and restart the payment process yourself.

For automatic payments initiated from another financial institution:

1. ACH – If your payment is sent from another financial institution, you will need to suspend your payment with that financial institution for the month you are skipping.
2. Online Bill Pay – You will need to log into your financial institution’s Bill Pay to stop and restart the payment process yourself.

Multiple skips may reduce a potential Guaranteed Asset Protection (GAP) claim. Contact your provider for details about how multiple skipped payments will affect your coverage.