Skip your loan payment

We want to make every day easier for you by providing a banking experience that’s simple and takes life’s uncertainties into account. That’s why we give you the flexibility to skip two loan payments per calendar year through our Skip-A-Pay program!

Take a break
from your payment

  • Skip up to two payments per calendar year
  • Submit your request online in minutes
  • Gain flexibility in your budget

Would skipping a loan payment make managing your monthly budget just a little bit easier? For many, even a couple extra hundred dollars can free up some extra cash. That’s why we offer our Skip-a-Pay program.

How it works

If you choose to skip a payment, your current due date will be advanced one month forward, just as if you paid. Interest will continue to accrue on your loan during the skipped payment period and your loan maturity date will be advanced one month forward. All terms and conditions will remain the same and you'll resume your next regular payment. It’s that easy!


  • You must be in good standing (not delinquent or have a negative balance) on any accounts, including those you may be a co-signer on. Any currently delinquent loan or a loan which has been previously delinquent may be ineligible.
  • The loan must be current or in a grace period. This includes any you may be a co-signer on.
  • You must have completed six (6) payments on the loan prior to the skipped payment.

Skip-a-Pay is only available for certain GECU loan types, including:

  • New or used auto loans
  • Motorcycle/ATV/personal watercraft loans
  • Signature loans
  • Personal loan with new or used auto as collateral
  • Personal loan with motorcycle/ATV/personal watercraft as collateral
  • Educational loans
  • Non-titled loans

The following GECU loan types are not eligible for the Skip-A-Pay program: any real estate loan or line of credit, credit cards, business loans, HELP loans, overdraft loans, RV loans, boat loans, final balloon payments, personal loans with boat or RV as collateral, and our Anytime Line of Credit.

Is there a fee?

Once we've approved and processed your request, a $40 processing fee will be added to your loan balance.

How will I know my application has been approved?

You'll receive confirmation via mail, which will include your next payment due date!

Important notes

  • You are responsible for stopping the payment for the month you are skipping if you set up Skip-a-Pay through GECU Online Banking, another financial institution's bill payment service, or if your payment is initiated by another financial institution.
  • We are unable to reverse any payment you have set up that was not stopped for the chosen month. If you're unsure of how your payment is set up, contact us at: 513.243.4328 / 800.542.7093 or by email at: [email protected].
  • Please return your application at least 10 business days prior to your payment due date, but no more than 30 days before your due date.

Submit your request online

Submit your request at least 10 days before your payment is due, but no more than 30 days prior to your due date. When you submit your request online, you'll receive your approval/denial via email within 4-5 business days.

This agreement must be signed by all signers and guarantors of the original Loan Agreement. Up to two (2) Skip-A-Pay requests may be granted per calendar year; eight (8) may be granted over the life of a loan. I acknowledge that if the processing fee is added to the principle loan balance, my principle loan balance will increase and interest will accrue on the resulting new balance consistent with all other terms of this agreement. The following GECU loan types are not eligible for the Skip-A-Pay program: any real estate loan or line of credit, credit cards, Business Loans, HELP Loans, Overdraft Loans, RV Loans, Boat Loans, Final balloon payments, personal loans with boat or RV as collateral, any loan that was originated within the past six (6) months, and any delinquent loan. Any currently delinquent loan or a loan which has been previously delinquent, may be ineligible. By enrolling in Skip-a-Pay, you agree to the terms and conditions and you are requesting GECU to skip one monthly payment and advance the due date of your regular monthly payment by one month. There is a $40 processing fee for this service and skipping a payment will extend the term of your loan and interest will continue to accrue on your loan throughout the skipped payment period; in addition, enrollment in the program means you authorize GECU to extend your final loan payment as needed. Your payment will revert back to your original payment schedule following the skipped payment. Payments and credits shall be applied in the following order: any amounts past due, accrued interest or finance charges; outstanding principal. Payments made in addition to regularly scheduled payments shall be applied in the following order: any fees or charges owed; accrued interest or finance charges; outstanding principal. In some cases, based on the size of your balance, the accrued interest may be greater than the amount of your next regular payment; it may take several months to begin to reduce your principle balance. Submitting the application does not guarantee approval. GECU has the right to refuse any Skip-A-Pay request. You agree to hold GECU harmless for any consequences resulting from rejection of Skip-A-Pay request. If your application is rejected, you will be notified by mail. All other payment terms of your Loan Agreement/Promissory Note will remain in full force and effect.

If your monthly payment is typically generated through a bill payment service or initiated at another financial institution, for example, you are responsible for stopping the payment for the month you are approved to skip. You authorize GECU to suspend any automatic transfers generated by GECU for the Skip-A-Pay month.

I understand that any GAP protection or other credit insurance policy may be affected by skipping a loan payment and accept responsibility of verifying with my insurance company/companies their policies how participating in GECU’s Skip-A-Pay program may affect my coverage. It is agreed that this Agreement will not disturb the existing priority of any Security for the Note and Credit Union and Borrower(s) intend that any Security Instrument or substitute Security Instrument retain the same priority as originally recorded as if this Agreement was executed, tendered, and delivered, and recorded as of the date the original Note and Security Instrument as stated herein.

I agree to allow the Credit Union to electronically store the Skip-A-Pay application. If I submit my application electronically, I understand that you do not guarantee the security of the data and will not be held responsible or liable for interception by third parties.

Skip-A-Pay Request

Optionally, complete and return this PDF Skip-A-Pay application

General Electric Credit Union is a full-service financial institution headquartered in Cincinnati with branches in Ohio and Kentucky.

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