Skip A Pay Financial Relief

skip a pay financial relief

At Beacon FCU, we are looking out for you!  During this challenging time, we want to help you out by offering two consecutive Skip-A-Pay from March 20 – May 31 with NO FEE.

How it works:

  1. Log into PC Branch*
  2. Find the Skip My Payment tab
  3. Select your loan from the drop down, review and agree to the Terms and Conditions, and Finish to complete your payment skip.  We will process your application with NO FEE
  4. If you need additional assistance the following month, sign in and process a second Skip-A-Pay with NO FEE.

*Skip My Payment is not available natively in the Mobile App.  To access the full service PC Branch site click on the “Go to Full Site” option from the Welcome to our PC Branch screen in the mobile app.

Disclosure: The Skip-A-Pay is subject to approval.  All accounts must be in good standing to qualify.  The following loans are not eligible: Wilson Loan, Line of Credit, Real Estate, Credit Cards, Single Payment, Share and Certificate Secured, Stock Secured. Collateralized loans with an original term greater than 84 months are not eligible.  By participating in the Skip-A-Pay program, you request that your loan payment be deferred. You agree and understand that: 1) the payment deferral will extend the term(s) of the loan(s); 2) interest will continue to accrue on the principal balance at the interest rate provided in the original loan agreement.  For members who have Guaranteed Asset Protection (GAP), coverage does not extend to the amount of the payment deferred. Also, you agree that by skipping your payment, your original GAP waiver election remains in effect. We reserve the right to decline any request. Beacon FCU reserves the right to discontinue this program at any time without notice. Other restrictions may apply.