July 31, 2020
For our members who are experiencing unexpected financial hardships due to the coronavirus (COVID-19) pandemic, as your financial institution, rest assured that Mission Fed remains committed to providing you with financial assistance. We are here to help.
Skip-A-Pay: Learn More
Qualified Vehicle, Signature, Line of Credit and Credit Card loans can skip up to 1 monthly payment during the Coronavirus Pandemic. If your loan qualifies for Skip-A-Pay, we will waive the standard $45 skip fee. To see if your loan qualifies for a skip, sign into Online Banking, select the Menu Tab, then Member Services, then Skip-A-Pay. Loans eligible for Skip-A-Pay will be displayed and the skip fee will automatically be waived. If your loan does not qualify, please follow the Loan Extension guidelines below.
- Skip a loan payment
- Free up cash
- Easy online sign up
- Special Offer — $0 fees
See if your loan qualifies
- Log onto Mission Fed Online Banking
- Click on Member Services in the left column (or, click on More in the left column, then select Member Services)
- Click on the Skip-A-Pay tab
All your credit union accounts must be in good standing and cannot be delinquent. Request must be received prior to the due date of the month being skipped. Interest and finance charges will continue to accrue during the skipped period. Skipping a payment may extend the term of your loan and will result in higher total interest and finance charges than if you made your payments as originally scheduled. The first payment after your skipped payment(s) will include any interest and finance charges accrued during the deferment period. This offer excludes auto leases, instant short-term loans, balloon loans, loans secured by real estate, and HELOC. A maximum of 6 extensions (including skipped payments) are allowed during the life of your loan. Other restrictions may apply. 3/20
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