Now is the time for celebrations and gatherings among loved ones – and, with it, lots of extra spending. But don’t stress this holiday season! TDECU – Your Credit Union is pleased to offer you a break from your TDECU loan payment with Skip-a-Pay. It’s our way of wishing you joy this winter and thanking you for choosing us as Your Credit Union.
Skip-a-Pay requests must be received ﬁve days prior to loan payment due date. Offer can be accepted by using the main account holder’s information on the loan. You received this offer because all of your accounts are current and in good standing. If, upon evaluation of your completed Skip-a-Pay request, we ﬁnd you no longer meet this criteria, this offer will be withdrawn. If we are unable to process your Skip-a-Pay request, you will receive a notice in the mail. Skip-a-Pays are good for one month’s payment (e.g., one monthly payment, two bi-weekly or semi-monthly payments or four weekly payments). Your deferred payment will be due after your loan’s last originally scheduled payment. By deferring your payment, the total amount you pay back will be more than the amount originally disclosed to you because interest continues to accrue at the interest rate in effect at that time on the unpaid balance of your loan. Skip-a-Pay transactions may affect GAP Insurance coverage. See your GAP Insurance contract for details. This offer excludes Real Estate loans, Parent/Student Survival loans, Tuition loans, Business loans, Mastercard® and VISA® accounts, loans with Collateral Protection Insurance, loans with origination dates on or after April 30, 2018, single-pay, lump sum, maturity/residual loans, accounts that have had a loan extension within the past twelve months, and loans with origination dates prior to October 31, 2013, with the exception of Lines of Credit.