Skip a payment coupon - Greater Iowa Credit Union

Do you need a break?
Skip a payment.
For a $30 fee, you can skip your next consumer loan payment. And if
you have more than one monthly consumer loan payment, pay a $30 fee
for each and skip away. Complete the form on the back (with $30 fee
per loan, if paying by check) and return it to Greater Iowa by U.S. Mail
(complete address on reverse) or to any Greater Iowa branch.
1.800.296.9064 • www.greateriowacu.org

Name:
Member number:
SSN:
Address:
Daytime phone:
Evening phone:
Skip my next payment on the following loan(s). If you have more than one loan, please designate estimated monthly
payment.
☐ Auto:
I would like to pay the $30 processing fee:
☐ With an enclosed check
☐ From my primary checking account:
☐ Personal:
☐ From my savings account:
All parties to the original loan agreement, including co-borrowers, must sign below.
Borrower’s signature
Co-borrower’s signature
(Signing this document indicates that you agree to the terms and conditions outlined here.)
Date:
Date
TERMS AND CONDITIONS:
If you elect to take advantage of our
skip-a-payment offer, please note
(1) interest will continue to accrue
on the unpaid balance for revolving
loans and installment loans
where interest is computed on a
simple interest basis and (2) for
installment loans (simple interest
and pre-computed interest),
repayment of the loan payment
skipped must be made at the end of
the loan term. In addition,
1. You must be in good standing
with the credit union. This means
all loans and account balances must
be current when skip pay coupon is
received by the credit union.
2. The skip pay offer only applies
to loans after three months of
payments have been made.
3. There will be a $30 per loan fee
to take advantage of this offer.
4. Some loans may not qualify
for this offer, including but not
limited to, mortgages, home equity
and personal lines of credit. All
fields must be completed prior to
submitting skip-a-payment coupon
to Greater Iowa Credit Union.
Please contact a member service
representative for more details.
5. Interest accrual will continue
during the period of the skip pay.
Return submitted forms to:Greater
Iowa Credit Union
Attention: Skip-a-pay
P.O. Box 665
Ames, IA 50010
Greater Iowa Credit Union is an
equal opportunity lender and is
federally insured by the NCUA.
All deposits at Greater Iowa Credit
Union are insured up to $250,000
through the National Credit
Union Administration.
An additional $250,000 insurance
is provided by Excess Share
Insurance Corp.