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Skip A Loan Payment

If your payment is automatically transferred or you transfer it from your Generations account…

  • Submit the Skip-a-Payment form one week or more in advance of your loan payment due date.
  • Do not make that month’s (or two bi-weekly) payment(s).
  • Your due date will be advance by one month.

If you use ACH Origination from another institution

  • Submit the Skip-a-Payment form one week or more in advance of your loan payment due date.
  • Once your Skip-a-Payment form is processed, funds will remain in your account.
  • Your automatic payment due date will advance by one month.

If you use another form of payment

  • Submit the Skip-a-Payment form one week or more in advance of your loan payment due date.
  • Do not make that month’s (or two bi-weekly) payment(s).
  • Your due date will be advanced by one month.

To request a Skip-A-Payment, print and complete the Skip-a-Payment Coupon.

Mail or fax your coupon to:

Lending Skip-a-Payment Coupon
Generations Federal Credit Union
P.O. Box 791870
San Antonio, TX 78279-1870
Fax: (210) 230-9264

When you Skip-a-Payment:

  • There is a $25 processing fee for each skipped loan.
  • Each month you skip will extend the term of your loan by one month.
  • Requests are processed within five business days from the time they are received at the credit union. Be sure to allow enough time for your request to be processed prior to the due date of your loan payment.

*Eligible loans include: new and used autos, trucks and motorcycles; personal computers; new and used boats; RVs and trailers; and personal loans. Interest will continue to accrue, and deferment of payment will extend the life of the loan. Member accounts must be current and in good standing. At least three months of payment history must be made on the eligible loans. Members cannot skip two months of consecutive loan payments.

To be eligible for these products and services, you must live, work, worship, volunteer, attend school or own a business in Bexar County, Texas.