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Loan Skip-A-Pay Request

Ellafi Federal Credit Union wants to alleviate your financial stress! This is why we’re offering our Skip-a-Pay program, which allows members to skip-a-payment for one month. As a valued Ellafi FCU member, you have the opportunity to skip your next payment on your Ellafi FCU loan.

  • A Skip-A-Pay can be used on most vehicle loans, recreational loans, and unsecured personal loans.
  • A Skip-A-Pay request may be rejected if your loan is not in good standing.
  • The skipped payment is moved to the end of the loan. This extends the time you will pay on the loan by one month for each Skip-A-Pay completed.

Please complete this form if you wish to skip your Ellafi Federal Credit Union Loan payment (Real Estate Loans, Ecoline, Quick Cash, Credit Cards, Over Draft Line Of Credit Or Fresh Start Loans are not eligible). This is a secure online form; your information will not be shared. Your request must be submitted three (3) business days prior to payment due date or it may be denied. Loan payments must be current or within the 10 day grace period of that loan. Any payments outside the grace period will not be approved.

Request Agreement

By completing this form, I understand that Ellafi Federal Credit Union will review my accounts and that there is a $35 processing fee per Loan that I choose to skip. I understand the $35 fee must be available in my Ellafi Federal Credit Union Savings or Checking account (fee will be taken from available funds, Checking will be the first source), and that I cannot be delinquent (past due) or have been delinquent in the past 12 months on any loans with Ellafi FCU for this request to be approved and processed.

I am instructing Ellafi Federal Credit Union to skip the following loan payment:

Please tell us about yourself: (* denotes required fields)

Transfer the $35 Service Fee from *

Signature

By participating in Ellafi Federal Credit Union's Skip-A-Payment program, you request that Ellafi Federal Credit Union defer your loan payments as indicated. You agree and understand that: 1) FINANCE CHARGES will continue to accrue during and after the deferral period; 2) deferring payment will result in higher total FINANCE CHARGES than if payment were made as originally scheduled; 3) payment deferral will require extra payments past the original maturity date; 4) elected GAP or Warranty Coverage will not be extended beyond the original maturity date; 5) payments will resume the following month; 6) there is a $35 fee and I understand the $35 fee must be available in my Ellafi FCU Savings or Checking account; 7) You must not have had any loan payment more than 30 days late at SFCU within the past 12 months; 8)Member must have completed a minimum of six (6) monthly payments on subject loan; 9) Skip-A-Pay request must be made before the payment due date of the month you are skipping. There is a limit of (2) skips per 12-month period. If recent data shows that you have been delinquent on the mentioned loan(s) for any reason, Ellafi Federal Credit Union reserves the right to deny your application for Skip-A-Payment. If your request is denied, we will contact you. Loan(s) must be in good standing to accept this offer. Real Estate Loans, Ecoline, Quick Cash, Credit Cards, Over Draft Line Of Credit Or Fresh Start Loans are not eligible. Loan payments must be current or within the 10 day grace period of that loan. Any payments outside the grace period will not be approved.

*Electronic Signature Disclosure:
As allowed by the U.S. Electronic Signatures in Global and National Commerce Act (eSign law), Ellafi Federal Credit Union uses electronic signatures on business sales agreements. Please read carefully.

By clicking the checkbox you are agreeing to use an electronic signature, which means:

  • You agree to use an electronic document and an electronic signature. You understand that electronic signatures are legally binding in the United States and other countries.
  • You agree to read the document and fill it out accurately and completely.
  • Your web browser must be configured to accept cookies.

Ellafi FCU reserves the right to use the above information to obtain verifications of identity and background before opening any accounts. We may also access information about you from a consumer reporting agency, such as a copy of your credit report, before opening any account. By submitting this form, you grant full permission to do so.

Ellafi Federal Credit Union Membership Area Includes:

  • Branford
  • Cheshire
  • Chester
  • Clinton
  • Cromwell
  • Deep River
  • Durham
  • East Haddam
  • East Haven
  • Essex
  • Guilford
  • Haddam
  • Higganum
  • Killingworth
  • Madison
  • Meriden
  • Middlefield
  • Middletown
  • North Branford
  • North Haven
  • Old Saybrook
  • Portland
  • Wallingford
  • Westbrook

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