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Overview
Astera CU is happy to offer 2 ways to apply for Skip-a-Pay.*
- Stop into any branch or call us at 800.323.0048 and we’ll be happy to assist you. A fee of $30 for each approved Skip-a-Pay applies for in branch applications.
- Log into your Online Banking account and submit your application and pay a discounted fee of $20 for each approved Skip-a-Pay online application.
Skip-a-Pay
Looking for a quick, easy way to get some extra cash? With our Skip-A-Pay* program, you can skip your Astera loan payment. Use that extra money for household expenses, a vacation or just enjoy the extra cash from not having to make your monthly payment(s).
To participate in the Skip-a-Pay Program:
1) Your Astera Membership must be in good standing, meaning all Astera loans must be current, with no collection actions pending; your account must not be overdrawn; and you must have sufficient funds to cover the application fee.
2) You must submit a Skip-a-Pay Application, Disclosure, and Agreement. It must be received before the loan payment due date for the month being skipped.
3) Your loan must have been open for at least 6 (six) months.
4) Your loan must not have been granted an extension during the past 12 months.
"Astera has always been here to help when im in a financial bind."
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Skip-a-Pay Form
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FAQs
Frequently Asked Questions
Astera CU is happy to offer 2 ways to apply for Skip-a-Pay.*
- Stop into any branch or call us at 800.323.0048 and we'll be happy to assist you. A fee of $30 for each approved Skip-a-Pay applies for in branch applications.
- Log into your Online Banking account and submit your application and pay a discounted fee of $20 for each approved Skip-a-Pay online application.
As long as the program qualifications are met, you are allowed a payment skip at any point in the year, once every 12 months.
A $30 application fee will be applied for each approved payment skip processed by a member service representative or a $20 application fee will be applied for each approved payment skip submitted through online banking. Funds will be withdrawn from your Astera Credit Union account at the time of approval. Skipping a payment extends the term of your loan and interest will continue to accrue. Mortgage, home equity, and business loans are not eligible. A separate Skip-a-Pay Application must be submitted for each loan on which you would like to skip a payment. Payments generated by you via bill payment service, ACH initiated at another institution, or similar will be your responsibility to stop during the Skip-a-Pay month. Payments made by direct deposit or payroll deduction will be transferred into your share savings account. Credit insurance products (Credit Life, Disability and GAP) may be affected by Skip-a-Payment. That is, you may have a balance remaining which will not be covered by insurance (should you have a claim) as a result of skipped payments. Updated 8/14/18.