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
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 -
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.