Skip-A-Payment

Send your loan on winter break with our Skip-A-Payment program! For only $30, you can skip your next loan payment* and have more money available for holiday fun. Plus, when you use Skip-A-Payment, Cyprus will make a donation to Utah charities.

 

How to Skip a Payment


On Home Banking

  1. From the main menu, go to the Services tab.
  2. Select Skip A Payment.
  3. Choose the account number associated with your loan then click Submit.
  4. On the Skip A Payment tab you may select any eligible loans before following the prompts to complete your request.

Contact Cyprus 

  1. Call us at 801-260-7600 option 4
  2. Text us at 801-260-7600
  3. Send us a chat on CyprusCU.com or through Home Banking

 

Please request your skip at least 10 days before the due date of the payment you would like to skip.

 

Do I Qualify to Skip a Payment?

 

Skip-A-Payment can be used at any time during the year. In most cases, you may skip a payment if: (1) your loan is in good standing, (2) you’ve made at least one payment since your last skip, and (3) you haven’t had more than two skips within a 12-month period. Simply use the Skip A Payment tool in Home Banking to see when you qualify.

 

Skips may be requested on:

 

  • New or used auto loans
  • Personal loans
  • Deposit-secured loans
  • R/V & boat loans

 

You may qualify to skip your monthly payment if:

 

  • Your loan has been open for at least 60 days and you’ve made your first payment.
  • You haven’t skipped more than two payments within the last 12 months.
  • You’ve made at least one payment since your last skip.
  • You haven’t made more than three months’ worth of advance payments.
  • Your loan amount is less than $50,000.
  • Your loan is current and in good standing.

 

*Deferment of this payment will extend the life of your loan and may cause an increase in the final payment amount. Payment deferment based on eligibility. If you no longer qualify, the offer may be withdrawn. You may not skip more than two (2) payments in a 12-month period. Deferred payments will not be covered by GAP protection, Life and Disability protection, or Major Mechanical Protection.

 

Home Banking

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The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
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