Skip-A-Pay Your Way
Skip two payments17 a year when it’s convenient for you
Skip A Payment When It Matters Most
New in 2022, you decide when to use Skip-A-Pay. Previously, you were able to skip a qualified loan payment at designated times in the year. Starting in 2022, you can now skip two payments a year17 when it’s convenient for you.
How It Works
Log into Online or Mobile Banking and navigate to the Skip-A-Pay tab. On a desktop, hover over the menu header, “Payments and Transfers” and click on “Skip-A-Pay”. On mobile, select “More”, then click on “Skip-A-Pay” under the “Money Management” section header.
Once you have navigated to the Skip-A-Pay tool, select the loan payment you would like to skip. This can include your auto, motorcycle, boat, RV, ATV or personal loan17 .
R.I.A. Exists for You
R.I.A. Federal Credit Union is constantly expanding the tools and services we offer to create a banking experience with you in mind. Allowing you to decide when to use Skip-A-Pay is just another change to give you more control over your finances.
Disclaimer
10. Personal Loans
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- Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.
- Loans are subject to credit approval. Restrictions may apply.
- APR is Annual Percentage Rate. Rate is fixed (non-variable). This offer is for new money only, no internal refinances. 8.75% APR. Limited time offer based on capacity to repay. Personal loan example: 48 monthly payments of $24.77 per $1,000 borrowed at 8.75% APR. All loans are subject to approval.
- See Rates and Fees Schedule
11. Vehicle Loans
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- Rates, terms and conditions are subject to change and may vary based on creditworthiness and qualifications.
- Loans are subject to credit approval. Restrictions may apply.
- 67-75-month financing available only on loans of $12,000 or more only on 2015-2022 model year.
- 76-84-month financing available only on loans of $20,000 or more only on 2015-2022 model year.
- For example, a 48-month term on a new recreational vehicle loan for $10,000 at 2.64% APR, the monthly payment will be approximately $219.76.
17. Skip-A-Pay
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- Credit Builder Program loans, Mortgage loans, lines of credit (Konstant Kash & HELOC), and credit cards (Mastercard), do not qualify for Skip-A-Payment. Loan must be established, with at least one full month’s payment made from the new loan disbursement date or since the last payment skipped to be eligible. Borrowers or co-borrowers with delinquent loans, loans with a delinquent history, bankruptcy, charge off, or who have otherwise caused a loss to the credit union are not eligible. R.I.A. FCU reserves the right to deny any Skip-A-Payment request. If you elected warranty coverage, the coverage will not be extended beyond the original maturity date. Other Restrictions apply.
- Skip-A-Payment applies to skip one (1) monthly, two (2) biweekly/semi-monthly, or four (4) weekly payments. A $30.00 Skip Fee applies to the principal balance of each loan skipped, unless prior arrangements are made to pay alternatively. Loan term will be extended by one month and interest (finance charge) will continue to accrue on the unpaid balance, resulting in an increase in final payment. All borrowers, co-borrowers and co-signers on the referenced loan must sign form prior to processing. The completed request must be received by the credit union at least seven (7) days prior to the first payment skipped.