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Between now and September 30, 2008 we will offer you the option to skip two payments on each of your loans (excluding first mortgage, credit card, and single payment loans). Here's all you have to do. Just come by any one of our convenient offices and fill out the appropriate form with the month or two months you want to skip. Your interest will continue to accrue on your loans, skipping a month or months will only extend the term of your loan and your total indebtedness will not increase*. It is our hope that this offer will help you rest a little better at night and that living your life "One Dream at a Time" will become a reality rather than just a slogan.
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*SRP Federal Credit Union may withdraw this offer at anytime for any reason. Loans 60 days and greater
past due are not eligible. Cash Payments - If you make your payments to the credit union by cash, check, or
a transfer (in person, telephone, or home banking), your due date will be moved as indicated on the request
form. Payroll Deduction - If your payments are made through payroll deduction (weekly, bi-weekly/semimonthly,
or monthly), the amount withheld from your pay check will not change; however, the amount of
your loan payment will be directed to your savings account for the time period reflected on your request
form. If you are weekly, one month constitutes four weeks; if you are bi-weekly/semi-monthly, two payroll
cycles constitutes a month; and if you are monthly, one payroll cycle constitutes a month. The payroll
deduction for your loan will be directed to the loan the first pay cycle prior to your new due date. Transfer
- If your payment is automatically transferred from your account to your loan on any frequency (weekly,
bi-weekly, or monthly) your transfer will be suspended during the period selected by you. Your transfer will
resume on the next due date. |
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