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Skip-A-Pay

UCU’s popular Skip-A-Pay program is offered year round, allowing you some extra flexibility when you need it!

  • Defer one regularly scheduled monthly loan payment
  • One "skip" allowed per eligible UCU consumer loan within a 12 month period
  • No fees for skipping a payment
  • Offered all year

Getting Started

To sign up for Skip-A-Pay, please complete the Authorization Form by clicking the button below.

You may also print this form and:

  • Bring the completed Authorization Form to any of our branch locations
    (Click here to view a list of our branch locations)
  • Mail the completed Authorization Form to:
    University Credit Union
    ATTN: Loan Operations
    15 Main Street
    Orono, ME 04473
  • Fax the completed Authorization Form to (207) 889-8508

*UCU’s Skip-a-Payment Program (“the program”) allows its members to “skip” or “defer” one regularly scheduled monthly payment for each eligible loan per 12 month cycle. There is no fee to participate in the program.  Existing finance charges will continue to accrue on a daily basis. All UCU Deposit Accounts must have a positive balance and all ODP balances must not be over 30 days outstanding to be eligible for the program. Eligible Loans: Eligible loan types to include auto, recreational vehicle (RV), personal RV, motorcycle, boat, share secured, signature, computer, home improvement, energy assistance and overdraft protection lines of credit. All outstanding (both eligible and ineligible) UCU loans must be current in order for any one loan to be eligible for the program. New outstanding consumer loans must have received a minimum of two monthly payments to be eligible for the program. All requests must be received by UCU a minimum of five business days prior to the loan due date. Ineligible Loans: Ineligible loan types include business loans, real estate secured loans (1st mortgages, home equity loans and lines of credit), student loans, single payment loans, credit cards and certificate secured loans. Eligible loan types that have received a loan extension/restructure within the past twelve (12) months from the UCU Member Resolutions Department are ineligible for the program. If the original loan balance is $1,400.00 or less, then by skipping a payment the full term of the loan may not exceed 24 months. Should this condition exist the loan is ineligible for the program.  Other Considerations: GAP Coverage: Eligible loans protected with GAP coverage that participate in the program may be affected by a reduction in any future GAP claim if more than two monthly payments are skipped during the life of the loan. Non-Monthly Payment Schedules: Eligible loans with non-monthly payment schedules will receive the monthly equivalent adjustment (e.g. Weekly payment frequencies will be skipped four (4) payment cycles, bi-weekly payments will be skipped two (2) payment cycles.

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All products and services available on this website are available at all UCU full-service locations.