Skip-A-Payment

 

Could you use a break? Take this month off and skip your December loan payment on one or all of your eligible loans if you'd like.*

The following are eligible for Skip-A-Payment:

  • Auto Loans
  • Anything Loan
  • Closed-End Home Equity Loans
  • HomeFree Home Loans
  • Home Improvement Loan

 

To process your Skip-A-Payment, you can do it one of these ways:


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Submit the form electronically using our electronic signature service from the comfort of your home or office.



Submit Form Now

 

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Complete the form and drop it off at one of our branch locations or place  it in one of our drop boxes located at our Bayview or E. Monument St. drop box.


Print Form Now

 

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Complete the form and fax it to
410-558-9037, or mail it to our
Bayview Branch.


Print Form Now

 

In order to ensure that your Skip-A-Payment is properly handled, your form must be received by December 27, 2023
Paper forms postmarked after December 24, 2023 may not be accepted.

 

To ensure your payment is skipped, please remember to do the following:

  • Loan coupon book users: Please discard December 2023 coupons. 
  • Bill payments sent using another financial institution’s bill pay service: Please do not schedule a payment to be sent for the month of June. 
  • Electronic ACH payments debited by JHFCU from another financial institution: We need to have your form 7 business days prior to your scheduled payment. We strongly encourage you to submit the form electronically, or fax or bring your form to one of our drop boxes to ensure that your payment is skipped.
  • Automatic payments set up through JHFCU Online Banking: Please stop the recurring payment for the month of December in order for your December payment to be skipped. Log into your account and view your current Recurring Scheduled Transfers schedule. Uncheck the box for the payment that is set to satisfy your December 31, 2023 payment to deactivate it for that month. 
  • Automatic payments made via payroll deduction and transferred from a JHFCU share account: JHFCU will ensure that no payment is deducted from your share savings account in December 2023 and that your payment schedule resumes in January 2024. 
Please Note: Interest will continue to accrue on the unpaid balance, and the loan maturity date will be extended by approximately one month each time you opt to skip a payment. All borrowers must sign the authorization form.

 

*You cannot skip your first loan payment. This offer is only open to loans that have a payment history established. This offer expires December 27, 2023. Also, by skipping your December 2023 payment(s), you extend your maturity date approximately one month. Debt protection and/or GAP purchased to cover your JHFCU loan(s) excludes deferred payments therefore, in the event of a claim, you may have a residual balance as a result of Skip-A-Payment authorization. Interest will continue to accrue on any unpaid principal balance(s) and may impact your final payment amount. Your scheduled monthly payment amount will not change, however the amounts applied to principal and interest may vary as a result of Skip-A-Payment authorizations. JHFCU will not process your request, and you may not skip your December 2023 payment(s), if all borrowers have not signed the authorization, if you do not have sufficient funds in the deposit account listed above to pay the processing fee, if your check for the processing fee is returned, or if your account does not remain in good standing during December 2023. The processing fee may post to your share account anytime through January 31, 2024. For electronic payment(s) made from a different financial institution, we need to have your form 7 business days prior to your scheduled payment.