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Keep your car. Pay less monthly.
‘Tis the season for our Holiday Loan.
Early opening and closing - December 9


Skipping a monthly payment on your auto and/or personal loans offer you financial assistance when you need it!

Eligibility Guidelines

If you would like to sign-up for Democracy Federal Credit Union's Skip-A-Pay program for the month of December 2022, please complete this online form authorizing your request. Once we’ve received your request, a document will be sent via DocuSign for your signature to complete. Turnaround time for a response is between 3 – 5 business days. I understand that:

  • A completed Skip-A-Payment request must be received ten (10) days prior to my December due date and no later than December 31, 2022. December payment cannot be skipped until November payment is paid.
  • All Democracy FCU accounts must be in good standing and current; previous months payments must be completed.
  • The first three (3) payments of a new loan may not be skipped.
  • This offer applies only to automobile loans and signature (personal) installment loans.
  • This offer does not apply to loans that have been 60 or more days delinquent in the past six (6) months or modified/extended in the last 12 months.
  • Skip-A-Payment may be completed if Overdraft Privilege amount due is within the 30 day repayment period.
  • Other restrictions may apply.

 Fees and Terms

  • Loan payment will be differed with no penalties or late fees.
  • A $50.00 processing fee applies and can be deducted from your share account at the time of approval.
  • Interest will continue to accrue on all deferred payments and may extended the term of the loan.
  • Members with bi-weekly notes, or payments, will be able to skip two payments.
  • Payments made via payroll deduction and Automated Clearing House (ACH), will be, if needed, reversed from your loan and credited to your savings account.
  • Payments set up via Bill Pay, Online Automatic Transfer or ACH, will be the member’s responsibility to stop the payment(s) and then restart the payment (s).

Fill out the form below to request to skip a payment. Upon request, a docusign form will be emailed to you to finalize the process.

I authorize Democracy Federal Credit Union to

Skip one (1) regular monthly payment in the month of December
Debit $50 from my


To skip additional loans, please submit this application for each loan number.


Note: Please note that you cannot skip your first three loan payments. This offer is only open to loans that have at least three months of payment history established. Skipping payments will extend the maturity date of the loan one month for every Skip-A-Payment processed. Debt protection or GAP purchased to cover your Democracy Federal Credit Union loan(s) excludes deferred payments therefore, in the event of a claim, you may have a residual balance as a result of Skip-A-Payment authorization. Interest will continue to accrue on any unpaid principal balance(s) and may impact your final payment amount. Your scheduled monthly payment amount will not change, however the amounts applied to principal and interest may vary as a result of Skip-A-Payment authorizations. If any accounts, active or closed, held by the Borrower and/or Co-Borrower with Democracy Federal Credit Union are not in good standing, a Skip-A-Payment may be denied until the account is brought into a positive status. Automatic payments to the loan under this program are for monthly payments only on the due date of the loan.

To print or fax your application - Skip-A-Pay Application