Skip-a-payment

Greater Iowa offers skip-a-payment for consumer loans. For a $30 fee, you can skip your next consumer loan payment. If you have more than one monthly consumer loan payment, pay a $30 fee for each and skip away.

How it works:
Simply fill out the form (link below) and return to any Greater Iowa branch either in person or by mail. You can choose to pay the $30 fee with a check or directly from your checking account or savings account. All parties to the original loan agreement, including co-borrowers, must sign the coupon. All fields of the coupon must be completed prior to submitting to the credit union. Please contact a member service representative for more details. Some terms and conditions apply (see below).

Click on link below to download the skip-a-pay coupon.
Skip a payment coupon

Return submitted coupon to:
Greater Iowa Credit Union
Attn: Skip-a-payment
P.O. Box 665
Ames, IA 50010

Terms & Conditions:
If you elect to take advantage of the skip-a-payment offer, please note interest will continue to accrue on the unpaid balance for revolving loans and installment loans where interest is computed on a simple interest basis. For installment loans (simple interest and pre-computed interest), repayment of the loan payment skipped must be made at the end of the loan term.

In addition -

  1. You must be in good standing with the credit union. This means all loans and account balances must be current when the skip-a-payment coupon is received by the credit union.
  2. The skip-a-payment offer requires that the previous three months of payments have been made. This service is limited to two times in any rolling 12 month period and a maximum of six per loan.
  3. There will be a $30 per loan fee to take advantage of this offer.
  4. Some loans may not qualify for this offer, including but not limited to, mortgages, home equity, personal lines of credit and credit cards.
  5. Interest accural will continue during this period.

Greater Iowa Credit Union is an equal opportunity lender and is federally insured by the NCUA. All deposits at Greater Iowa Credit Union are insured up to $250,000 through the National Credit Union Administration. An additional $250,000 insurance is provided by Excess Share Insurance Corp.