All borrowers agree and consent to participate in the ACU Skip-A-Pay Program.
By selecting "I Accept," you indicate that you have read and agree to the terms below.
I wish to participate in the ACU Skip-A-Pay Program. Please defer payment for the loan(s) checked on this certificate. I understand that in order to be eligible to participate in the ACU Skip-A-Pay Program, my loan payment must be current. I understand we are required to pay a fee of $40 for each loan skipped. I understand that interest will continue to accrue onthe outstanding balance of my/our loan until it is paid in full. I understand that I continue to be responsible for the entire outstanding principle and interest of my loan and that I will be responsible to continue to make the monthly payments after the original maturity date until all principal and interest is paid in full and that my/our pledge of security shall remain in effect until the loan is fully repaid. I understand that our next regular payment will be due on the scheduled payment due date followingthe month I have elected to skip a payment. I also understand that any credit disability insurance on my loan will not extend beyond the original maturity date of the loans. I also understand that if I have GAP insurance on my loan, it may affect the amount paid by the insurance company. This offer does not apply to real-estate loans.
Subject to final approval by Artesia Credit Union.
WE ARE ABLE TO STOP YOUR ACH FOR THE MONTH SKIPPED BUT YOU MUST TELL US TO DO SO . IT IS YOUR RESPONSIBILITY TO ENSURE THIS IS DONE.