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Colorado Credit Union

Skip-A-Payment 2023

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Skip-A-Payment is here. Put some extra cash in your pocket this holiday season. Skip-A-Payment allows you to defer your December 2023 or January 2024 loan payment*.

How it works:

  • You must be current on all of your loans with Colorado Credit Union.
  • You must have completed six (6) payments to the loan to be eligible for Skip-A-Payment.
  • Submit your signed and completed Skip-A-Payment request to defer your December or January loan payment by the deadline listed below, and simply skip that month's payment. Your normal payment schedule will resume on the month following the skipped payment.
  • All borrowers on the loan must sign the form in order for the selected loan payment(s) to be skipped.
  • To skip your December 2023 payment, submit your request by Wednesday, November 29th.
  • To skip your January 2024 payment, submit your request by Friday, December 29th.  

Two ways to sign up:

  • Call us at 303.978.2274 to have the Skip-A-Payment form emailed to you (and any co-borrowers) to sign electronically through DocuSign.
  • Stop by one of our branches to complete the Skip-A-Payment form in person.


Q:  If I have two loans, can I skip payments on both of them?
A: Yes, multiple loans can be skipped as long as they are eligible loans.

Q:  What loans are eligible for Skip-A-Payment?
A: Auto Loans, Ready Credit, Overdraft Protection, and Personal Loans. You must have completed six (6) payments to the loan to be eligible for Skip-A-Payment.

Q: What loans are not eligible for Skip-a-Payment?
A:  Mortgage Loans, Home Equity Loans, Home Equity Lines of Credit, and Visa® Credit Cards. 

Q:  What months will I be able to skip?
A:  December 2023 or January 2024.

Q:  Can I process my Skip-A-Payment request through online banking or through the Mobile App?
A:  Not at this time.

Q: Why does the co-borrower need to sign the form If I am the primary borrower?
A: The co-borrower must sign to acknowledge the new loan term date, as they will be held responsible if the primary borrower cannot continue with loan payments.

Q:  What will happen if I make payments to my loan(s) with an electronic transfer from another financial institution or an internal transfer with CCU?
A:  The CCU team will adjust the dates to prevent the transfer for the skipped month from withdrawing and the regular transfers will resume the following month on the due date. 

Q:  When will the Skip-A-Payment requests be processed?
A:  Once the signed request has been submitted back to CCU electronically through DocuSign or via one of our team members, it will be processed within 2 business days.

* Credit cards, mortgages, home equity lines of credit, and second mortgages do not qualify for Skip-A-Payment. The parties desire to modify the terms of the Retail Installment Contract, the Loan Agreement and Consumer Credit Disclosure Statement and/or the Credit line Account Advance Request and Security Agreement for the purpose of affording the Member the benefit of allowing the Member the ability to participate in the Skip-A-Payment program. In consideration of the Credit Union allowing the Member to participate in the Skip-A-Payment program and defer one full month of payments, and other good and valuable consideration, the receipt and sufficiency of which is mutually acknowledged, the Member agrees as follows (a) the Member shall be permitted to defer payment(s) selected above until the end of the loan term; (b) the payment deferral requested by the Member will result in the accrual of additional interest on the loan balance owing under the loan documents and may increase the number of months required to repay the loan balance in full. The Member agrees to take any and all actions from time to time requested by the Credit Union to extend the Credit Union's security interest in the loan collateral for the duration of any extended loan term, and preserve and protect the Credit Union's security interest in the loan collateral. This Modification Agreement is supplementary to the original loan documents. All provisions of the original loan documents, including the right to declare the principal and accrued interest due for any cause specified therein, shall remain in full force and effect, except as herein specifically modified. The provisions of the agreement shall bind the heirs, executors, administrators and personal representatives and assigns of the Member. If any provisions of this Agreement is declared unenforceable or invalid for any reason, such declaration shall have no effect on the other provisions of this Agreement, or upon the original loan documents.