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Skip-A-Pay

It's times like these where we need to support one another as a community.

If you need a break from a monthly payment, we’re with you.

Could use a break from a monthly payment?
We're with you.

Through our Skip-A-Pay program, we offer qualifying members the ability to skip up to two (2) loan payments within a 12-month period without penalty, but interest will still accrue.*

  • $25 fee if done online, $50 fee if done over the phone or at a branch  
  • Login to Online Banking, click the More button on the left side of your screen, then click the Skip-A-Pay icon to review the loans you are able to skip. Agree to the Terms and Conditions, select the account you want to pay the fee from, then you're done! 
  • Great for freeing up some cash for the holidays, vacation — anytime!

Wondering if you can skip your next loan payment? 
You can if the following conditions are met: 

  1. You must be a member in good standing with WyHy. 
  2. Loan must be an eligible loan type.*
  3. Loan balance must be equal or greater than $100.00.
  4. Loan must be opened for a minimum of 3 months.
  5. There must be at least one month between skips.
  6. There is a fee for each skip-a-payment request. Funds to cover each fee must be available in your account before a Skip-A-Payment can be processed.

As a way to help our members during times of a financial bind, WyHy offers members the ability to skip up to two (2) monthly loan payments per year, without worry about late payment fees or loan default consequences. We also understand that during the holidays, having a little extra cash can help make the season brighter.

WyHy’s Skip-A-Pay qualifies for the following loan products:

  • Auto Loans with original terms up to 84-months
  • Recreational Vehicle Loans with original terms up to 180-months
  • Personal/Signature Loans
  • Certificate Secured Loans

WyHy’s Skip-A-Pay does not qualify for the following loan products:

  • Real Estate Loans – 1st and 2nd mortgages
  • Home Equity and Home Equity Lines of Credit (HELOC)
  • Streamline Home Loan
  • VISA Credit Cards
  • Auto Loans with terms 85-months or greater
  • Recreational Vehicle Loans with terms 181-months or greater
  • PaymentSaver (Balloon) Auto Loan
  • Abundance of Caution Loans
  • Business Loans
  • Delinquent Loans
  • Collection Workout Loans
  • Additional disqualifications may apply
  1. Login to Online Banking.
  2. Click the More button on the left side of your screen.
  3. Click the Skip-A-Pay icon to review the loans you are able to skip.
  4. Agree to the Terms and Conditions.
  5. Select the account you want to pay the fee from.
  6. Then you're done!

You are not penalized in any way when you choose to skip one of two (2) monthly loan payments on qualifying Skip-A-Pay loans. However, the interest that would normally apply to that skipped loan payment still accrues and you will be responsible for paying the interest amount back before your loan is considered fully paid off. For example: over a 6 year (72 month) loan term, if you choose to skip one (1) monthly loan payment each year for the total 6 year term, you will still owe six (6) months’ worth of interest before the loan can be officially paid off and closed.

We are always looking to help our members make the best financial choices possible. If Skip-A-Pay isn’t the right solution for your financial situation or if you’re not quite sure, please contact a Member Service Advisor to help evaluate your current financial standing. We can look at options to help you save more money by looking at ways to consolidate debit, refinance a loan or move your accounts from another financial institution to WyHy.

*Skip-A-Payment is only offered for certain Auto and Recreational Vehicle loans, Personal/Signature loans, and Certificate Secured loans. All other loans do not apply. Other restrictions may apply. Interest still accrues. If you have questions related to your loans, qualifications or the Skip-A-Pay program, contact an Advisor at 1.800.442.2392.