Several restrictions may apply

Members who are in good standing on all their Personal Loans and Lending products and have not caused the credit union loss. Other restrictions may apply. Valley Credit Union has final approval on all payment deferments and reserves the right to modify the program, or any aspect of the program at any time without notice.

All applications are subject to approval.

This offer entitles approved borrowers to skip one month's loan payment. The maturity date of your loan will be moved back one month. All other terms and conditions of the loan will remain in full effect. Skipping a payment will delay the scheduled reduction of principal balance on your loan and as a result will increase the total finance charge on your loan. You will be required to sign a form stating that the credit union has disclosed the new APR and payment schedule. Any creditor insurance purchased through us to cover the loan will expire as specified on the original enrollment form.

Personal loans and vehicle loans qualify. However, first or second mortgages or home equity loans are not eligible. Please speak to your branch directly for full details.

Yes, there is a $20 non-refundable fee to skip a payment. You are required to sign a form indicating if this fee is to be debited from your account or added to your loan balance.

Yes. However, automatic payments you have set up at other financial institutions or scheduled may require additional time to be cancelled. Please speak to your branch directly for support or questions.