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Collins Community Credit Union

Summer Skip-A-Payment

Looking for a little more room in your budget this summer? We can help with our Summer Skip-A-Payment program!

The Skip-A-Payment program gives you the option to skip a loan payment without impacting your credit rating. It provides you the opportunity to defer a monthly payment on eligible Collins Community Credit Union loans.

What loans are eligible for skips?

  • Car/Truck/Motorcycle Loans
  • Boat/RV Loans
  • Signature Loans
  • Share Secured Loans

Is there a fee?

There is a $30 fee per skip, per loan. Please review the Skip-A-Payment Agreement form for fee payment options. To see if you are eligible to skip a payment, please contact our team at 800-475-1150 or visit the nearest branch to you. All Skip-A-Payment Agreements Forms must be received by August 6, 2022. Signed Agreements may be dropped off at any of our branch locations or mailed to: Collins Community Credit Union, Attn: Loan Servicing, P.O. Box 10500, Cedar Rapids, IA 52410-0500. Once we receive your signed Agreement and $30 fee, we will advance your current due date by one month.

How do I know if I'm eligible?

Contact our team at 800-475-1150 or stop by the closest branch to you to see if you are eligible to skip a payment on your loan(s).

Qualifying members can defer a monthly payment on any eligible loan and we will advance both your payment due date and your loan maturity date each time you take advantage of this service. This program does not apply to loans during the first six (6) months of the loan agreement. You may only exercise Skip-A-Payment once every calendar year – it must be at least 12 months between requests. All loans must be up-to-date and you must not have a past due payment history within the past 12 months. Your account with Collins Community Credit Union must be in good standing. Accounts that received an extension as part of the COVID deferment program, will not be eligible for this Skip-A-Payment promotion.

How does participating in the Skip-A-Payment program affect my loan?

The skipped month will be added to the end of your loan, extending the loan term. Interest will continue to accrue during skipped month.

Contact our team at 800-475-1150 or visit the closest branch to you to see if you're eligible!

*An approved Skip-A-Payment requests will extend the life of the loan. We will advance your payment due date and your loan maturity date each time you complete a Skip-A-Payment. This does not apply to any line of credit or dwelling secured loans. You are responsible for suspending automatic payments you have initiated for the month you select to skip. If you have Gap coverage on your loan and choose to participate in our Skip A Payment promotion, be aware that more than 2 skips or extensions over the life of the loan could result in your loan not being paid in full should you need to file a claim. Exceptions will be reviewed on a case by case basis.

What's New

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What's New

  • Outdoor Movie Night: The Bad Guys

    August 20, 2022
    7:00 PM
    10:00 PM
    1st Avenue Branch
    04 August 2022
    Join us on Saturday, August 20 at our 1st Avenue branch for an outdoor showing of The Bad Guys! This event is FREE and open to the public. Learn More
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