Skip-A-Payment

Skip-A-Payment is a program that allows you to skip your monthly payment on your auto, boat, RV, personal loan.

Skipping a payment will not hurt your credit score. If you have the lender’s authorization and meet all requirements—including deferred payments and loan repayment obligations—your loan will not be listed as past due or as a missed payment on your credit report.

• The skipped months will be added to the end of your loan, extending the loan term. Interest will continue to accrue during skipped months.
• Your interest/finance charges will continue to accrue at the rate provided in your original loan agreement. Deferring payment(s) will result in higher total interest/finance charges on the following payment and will extend the terms of the loan(s), resulting in extra payment(s) after your loan(s) would otherwise be paid off.

Loans that can be skipped include Auto Loans, Marine and RV Loan, Motorcycle and Other Collateral Loans, and Personal Loans

The following loan types are not eligible for the Skip-a-Payment:
mortgage, home equity line of credit loans, fixed home equity loans, share secured loans, FastCash loans, lines of credit, business loans, loans opened less than 12 months, any delinquent loans, or don’t meet eligibility criteria.

To request a skip-a-payment on your Gesa credit card, please call Gesa’s Collection Team at 509-378-3100.

To qualify for Skip-a-Payment, your loan must meet the following requirements:

1. All of your loan and deposit accounts must be in good standing. They must be current at the time of the request (no grace periods or negative balances).
2. You may not have any charge-offs, bankruptcy filings, or repossession against the credit union.
3. You can skip any eligible loan once every 12 months. If you have multiple eligible loans, each loan will be on separate cycles depending on if or when you last skipped them.
4. You must request a skip a minimum of 5 days before your next loan due date.

Simply log in to online banking or the Gesa app, available for iOS or Android. Select your loan from the Account Summary page then click on Skip-a-Payment.

You may skip any eligible loan payment once every 12 months.

Yes. There is a $35 fee per loan approved for a skip-a-payment.

We will deduct the fee(s) from the account of your choice at the time of submission. Your request(s) will be denied if there are insufficient funds.

The fee can also be paid via Debit Card, MaterCard credit card or Discover credit card at the time of request

The skip-a-payment option is only available if your loan is eligible for a skip-a-payment.

If you have Gesa GAP insurance, the coverage may not extend beyond the original maturity date of the loan. It allows for one Skip-A-Payment or delinquent payment over the life of the loan.

If you purchased dealer GAP insurance, please reach out to them to see how skipping a payment will affect your coverage.

If you have automatic payments from a Gesa Credit Union account, or if we pull your payment automatically from another financial institution, this scheduled transfer will be skipped as well. Please have your skip request to us at least five (5) business days prior to your payment date. This gives us time to modify your ACH for the month you’ve requested your skip.

You’ll need to log in to stop and restart your External Transfer automatic payment if you have this set up with Gesa online banking. If you have an automatic payment or Bill Pay set up with another FI, you will need to contact them to stop and restart.