Skip-A-Payment

If you wish you had extra cash in your pocket, GLCU has a solution for you! We make it easy for you to choose the month you’d like to Skip-A-Payment! To postpone your eligible loan payment with Great Lakes Credit Union simply follow the steps below.

Eligible Loans:

  • New & Used Auto Loans
  • Boat Loans
  • Motorcycle Loans
  • Micro Business Loans
  • RV and Travel Trailer Loans
  • Lifestyle Loans
Download Skip-A-Payment Form

Requirements:

  • $35 service fee per skipped payment
  • Maximum of (2) Skip-A-Payments per loan, per rolling calendar year
  • All accounts must be in good standing
  • Loan must be open for a minimum of 12 months
  • A completed and signed form must be returned prior to the due date you wish to skip

How to Apply:

Complete, sign and return this form to one of our branch offices. You may return the form via mail, fax, email or dropping it off at one of our branches in person.

Mailing Address:
P.O. Box 1289
Bannockburn, IL 60015

Fax Number: (847) 887-8771

E-Mail Address:  

Interest and finance charges will continue to accrue on your loan during the month you skip your payment and the term of your loan will be extended.  Check your GAP policy or other credit protection agreements before you skip the payment to be sure you are aware of any impact on coverage.