Winter Skip-A-Payment!!

Take advantage of a little extra cash when you need it.

Qualified members may use the Skip-A-Payment Program once within a six-month period to skip one payment on auto, personal, and share secured loans with no adverse impact on their credit scores. For a small fee, the due date is advanced and the funds can be used for whatever purpose you choose.

Skip-A-Payment Service

Please read these Terms and Conditions before completing the application on the following page.

Northwest Hills Credit Union offers a Skip-A-Payment program to members in good standing which allows members to skip one (1) loan payment within a 6-month period when certain conditions are met.

·       A member must be current on all credit obligations with Northwest Hills Credit Union at the time a loan payment is skipped.

·       A member must have no late payments on any credit obligations with Northwest Hills Credit Union within the previous six (6) months before a payment is skipped.

·       Only loans that have had six (6) or more monthly payments since origination are eligible for the Skip-A-Payment program.

·       Real estate secured loan payments and government subsidized student loan payments are not eligible for the Skip-A-Payment program.

·       If applicable, the terms of your GAP coverage on auto loans will be affected if you skip more than 2 payments during the term of your loan.  See GAP waiver included in your closing package for coverage exclusions.

·       A Skip-A-Payment Application form must be completed by a member wishing to skip a payment.  Each signer on the original loan note must sign the Skip-A-Payment Application Form.

·       The Application form must be received by the Credit Union at least five days prior to the due date of the payment to be skipped.  Approval will be determined prior to the due date.

·       A processing fee of $25.00 will be collected for this service and may be paid by check or a deduction from a Credit Union share account.  The processing fee will not be added to the loan balance and a late charge will not be assessed for any approved skipped payment.

·       Interest will continue to accrue during the period when no payment is made, which may change the total amount and schedule of your repayment.

·       Member is responsible to stop the transfer from another institution into the credit union to make the payment for the month they want to skip and then to restart the transfer again for future payments.

Skip-A-Payment Application


Please complete this application if you would like to apply for the Skip-A-Payment service.


All Terms and Conditions as stated on the previous page must be met in order to qualify for the Skip-A-Payment service.


Member Name:


Account Number:


Home Phone:


Daytime Phone:


E-Mail Address:


Suffix Number:


Payment Amount:


Month to Skip:


 January 2022

Deduct $25.00 Service Fee

From:                                          Savings:_______       Checking:_______       Check Enclosed:_______


By signing below you hereby agree to the Terms and Conditions of the Skip-A-Payment program and request that Northwest Hills Credit Union allow you to skip one loan payment on the loan identified above.  You authorize the service fee to be deducted from your account specified above if this form of payment was selected.


All signers on the original loan note acknowledge and authorize, upon approval by the Credit Union, the loan payment to be skipped as requested.





Borrower Signature                           Date




Borrower Signature                           Date


Fax Application to:



Mail application to:

Attn:  Skip-A-Payment

Northwest Hills Credit Union

339 North Elm Street

Torrington, CT  06790


For Office Use Only

Employee Submitted: _____________________    Date:____________ 

Approved:_______________________    Date:____________                                                                                              

Revised:  1/3/2022