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Skip-A-Payment

Applying for a Skip-A-Payment is quick and easy!

Simply log in to Online Banking and select your loan. If it’s eligible for a Skip-a-Payment, you will be presented with the option to initiate a skip.

FAQs

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 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.

We’re sorry, this form is currently out of service. If you need help, please connect with a Gesa branch near you.

Account Information

Basic Information

   

Other Information

By your electronic signature above and submitting this Skip a Payment request, you agree to the Loan Extension Terms and Conditions*, which amend your Consumer Loan Agreement.

*A $35 fee must be paid by debit card or be deducted from your Gesa savings or checking account. The skip will not be processed until the fee has been collected.

This offer is not valid for FastCash Loans, mortgage, home equity line of credit loans, fixed home equity loans, lines of credit, business loans, loans opened less than 12 months, or delinquent loans.  No skip requests will be honored until your loan(s) is brought current. Your normal payment schedule will resume the following payment period after the skip. Skipping a payment will require you to make additional payments in order to pay off the loan(s). Interest will continue to accrue on the current loan(s) balance. The next regular payment(s) you make following an extension will reflect a higher amount paid to interest. Note for auto loans: Skipping a payment may affect payment protection and GAP coverage; check your agreement for details. This offer is non-transferable and non-refundable. One skip per qualified loan every 12 months. Other exclusions may apply.

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*A $35 fee must be paid by debit card or be deducted from your Gesa savings or checking account. The skip will not be processed until the fee has been collected.   This offer is not valid for mortgage, home equity line of credit loans, fixed home equity loans, lines of credit, business loans, loans opened less than 12 months, or delinquent loans.  No skip requests will be honored until your loan(s) is brought current. Your normal payment schedule will resume the following payment period after the skip. Skipping a payment will require you to make additional payments in order to pay off the loan(s). Interest will continue to accrue on the current loan(s) balance. The next regular payment(s) you make following an extension will reflect a higher amount paid to interest. Note for auto loans: Skipping a payment may affect payment protection and GAP coverage; check your agreement for details. This offer is non-transferable and non-refundable. One skip per qualified loan every 12 months. Other exclusions may apply.

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Affinity debit cards give back to your community when you swipe.

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We have the accounts, products, and services to help you and your small business succeed.

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Banking made for you.

With best-in-class rates and a variety of everyday banking products, Gesa has the right account, card, or loan for you.

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Up to 5.00% APY
On select checking accounts!

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We have upgraded to a new account opening process. Click Get Started to continue.

Getting started is easy!

Applying should only take a few minutes. Please have these documents ready:

Call (888) 946-4372 or apply at a branch

Already a member?

Use your online banking log-in to pre-fill your application with saved information.

Notes & Fees Glossary

 Disclaimer
*APY* APY = Annual Percentage Yield. Rates, terms, and fees are subject to change. APY is accurate as of the first day of the month – the last dividend declaration date.
SmartPlus Checking*To earn the higher rate, you must:
  1. Enroll in eStatements
  2. Make a monthly direct deposit of over $200
  3. Complete 15 debit card transactions
  4. Provide and maintain a valid email address
  5. Limit one account per member
For any month where the account does not meet the qualification requirements, the account will earn a lower rate. Minimum balance of $5 needed to open.Qualifying account balances meet minimum requirements. APY subject to change monthly. Rate may change after the account is opened. The qualifying period begins with the first day of the calendar month and ends on the last day of the calendar month at 6:00 P.M. Pacific Time. No monthly fees and no minimum balance required to maintain account. Minimum opening deposit of $5. Fees could reduce earnings. Limit of one specialty checking account (Smart Plus Checking) per member.

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