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Skip-A-Payment
When you need a little breathing room.

What is a Skip-A-Payment?

A Skip-A-Payment is a loan option that permits members to defer a loan payment and extend the original loan term. The number of payments skipped will depend on the frequency of the payment; one monthly, two bi-weekly, two semi-monthly, or four weekly payments. Interest will continue to accrue during the skipped month.

 

Do I Qualify?

  • The loan must be at least 90 days old
  • Only 1 Skip-A-Payment is allowed every 6 months on each qualifying loan
  • There is a $30 processing fee that must be paid before the Skip-A-Payment will be processed
  • All loans must be current (within 15 days of the due date) including the loan to be skipped
  • All accounts must be in good standing
  • REAL ESTATE and CREDIT CARDS DO NOT QUALIFY FOR SKIP-A-PAYMENT

If you have any questions, please contact us or call the phone center at 903-735-3000.

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Red River Member Service Group, LLC dba RRCU Financial Services is a wholly owned subsidiary of Red River Employees Federal Credit Union. Financial services and insurance products are available to credit union members, but not provided by or guaranteed by Red River Employees Federal Credit Union.

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Checking & Savings Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.

Lending Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.

Lending Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.

Lending Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.

Lending Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.

Lending Options To Meet Your Financial Needs

Not signed up for Online Banking? CLICK HERE, call us at 903-735-3000 / 800-822-3317, or visit a local branch to get started.