At RVA-FPCU we understand that there are times when members may need to skip their loan payments.  To help during these times, the RVA-FPCU offers a Skip-a-Payment program to qualified members.  Below are details about this program.  Refer to the Application for specific disclosures and restrictions. 

Skip-A-Payment Program Details

  • Must pay a $25 fee per loan for each monthly payment skipped (Due at the time of application. If application is denied, then the member will be refunded).

  • A full monthly payment is skipped (which means two bi-weekly payments if on payroll deduction).

  • Can only skip a payment once per loan in a six-month time period.

  • Interest continues to accrue on your loan and the time it takes to repay your loan will be extended by the skipped period.

  • A completed Application signed by all borrowers is required.

  • Not offered for Home Equity Loans over $35,000 or credit card products.

  • No borrower can be delinquent on any loan or debt owed to us.