Skip-A-Payment Form

**Please Note - You must have a checking/savings acct 
with CBFCU to use this online form**

If you do not have a checking/savings, please contact us to complete 

your skip at (423) 496-3812 or (706) 632-4888

Copper Basin Federal Credit Union loans come with an option to skip up to two non-consecutive loan payments per year. The skip payment fee of $25.00 per loan skipped can be deducted from your savings or checking account with the credit union. These skips are offered in June and at Christmas (November, December or January).  

This Addendum amends your Loan Agreement and Disclosures regarding your loan payments. By signing below, you are requesting that the Credit Union extend the due date of your regular monthly payment by one month. You understand that interest will continue to accrue on the unpaid balance of your loan.

This "Skip-A-Payment" applies to consumer loans only (no mortgage or home equity loans). Your loan must be current in order to be eligible for the "Skip." All other terms to your Loan Agreement will remain in full force and effect.

For more information, call 423-496-3812 or contact us.

Member Name*
Deduct $25 For EACH loan from:*

I understand interest continues to accrue and skipping a payment will result in additional payments required to pay off the loan. 

Copper Basin Federal CU suggests that you check your GAP policy, or other credit protection agreements before you skip the payment to be sure you are aware of any impact on coverage.

Please inform us of any auto payment deductions so they can be adjusted accordingly.  If you have auto deductions from another financial institution, you are responsible for adjusting those deductions. 

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