The Skip-A-Payment program is designed to alleviate some of your financial stress when you need it most. Simply complete an application, online or at one of our branches, at least 10 days before your loan payment is due to skip a month’s payment. Please note that there is a processing fee and that each month you skip a payment will extend the term of your loan by at least one month.


  • Use on any of your qualifying Cy-Fair Federal Credit Union Loans*

  • Use 2 Skip-A-Payments in one calendar year

  • Simple Application

  • Only 6 month payment history required

  • Minimal Fee

*Members are limited to 2 extensions per calendar year, with a minimum of 60 days between each skip-a-pay. Members who have already executed an extension more than 2 times in in a single calendar year or those with delinquent loans are not eligible. Members with auto loans, who have purchased GAP Insurance and elect to have more than 2 skip-a-payment extensions over the term of the loan, will be liable for any unpaid loan balance in the event of a Constructive Total Loss. New loans must have a minimum six-month payment history to qualify for the Skip-A-Payment program. We must receive this request at least 10 days before your payment due date. This agreement must be signed by all signers of the loan agreement. Payments that have already been made cannot be refunded. Each month a payment is skipped will extend the term of the loan by one month. All other terms and conditions of the loan(s) will remain the same. Unimproved Property loans, Home Equity loans, Auto Leases, Student loans, and MasterCard and Visa Credit Card payments are not eligible for the Skip-A-Payment Program.