
Skip Payment Program
We are pleased to offer a Skip Payment Program for Members with qualifying loans. During designated months, eligible borrowers can elect to skip a month’s payment and extend the repayment terms of the loan. Skip Payments can be elected up to two times per year in nonconsecutive terms.
We are not currently accepting applications, but the next window for the Skip Payment Program will be announced here when available.
Qualification Information
- The loan must be open for a minimum of 180 days
- Not available on Quick Cash Loans or real estate loans
- Members must have a minimum share balance of $1
- Members must not be delinquent on any loans with the Credit Union
- Members must not have any negative balances in any accounts with the Credit Union
- The minimum loan balance for eligibility is $1,000 (or a minimum payment of $75)
- The loan cannot have more than one (1) 30-day late payment within the past six (6) months
- Members cannot have current or previous serious delinquencies (90+ days past due) with the Credit Union
- Members cannot have unpaid charge-offs, repossessions, or other losses to the Credit Union, or bankruptcies
- Any vehicle loan must have the Credit Union listed as the lienholder on the title
- Any other collateralized loan must be fully secured
- The loan must not be paid by disability or unemployment insurance covering the loan
- Additional terms and conditions may apply
If you are interested in the Skip Payment Program, please complete and submit the "Skip Payment Application" below, call us at 908.245.1750 or visit your local branch.
Community Banking At Its Best
The Atlantic Federal Credit Union offers many of the same services as a bank, often with better rates and lower costs. As a not-for-profit financial cooperative, our only priority is meeting the needs of our Members. We pride ourselves on delivering personalized service backed by the latest in digital banking technology so you can bank whenever and wherever is most convenient for you. Plus, we exclusively serve Essex and Union counties in New Jersey, which means your hard-earned deposits are kept secure locally and loans are serviced locally.
Not Yet a Member?
Apply today to unlock all of the Membership benefits at The Atlantic, including great rates, low fees, access to the latest in online and mobile banking technology, and much more.
Who is Eligible for Membership?
Membership is available to anyone who lives, works, worships, attends school or regularly does business in Union or Essex counties in New Jersey. Businesses and legal entities in Essex or Union counties are also eligible.
Immediate family members of existing members, including your spouse, children, siblings, parents, grandparents, grandchildren, stepchildren, stepparents, stepsiblings and adopted children, are also eligible for Membership. Non-related individuals living in the same household can also qualify.
Not sure if you are eligible? Call us at 908.245.1750.