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Skip-A-Pay

Free up some funds.

Skip-A-Pay is just a click away.



Did you know that you may be eligible to skip a loan payment up to two times a year¹? Whether it’s during the summer to free up some vacation funds or during the holidays to buy some epic gifts, Skip-A-Pay is just a click away.

Please note: this member benefit is available at the discretion of the credit union based on account and member standing. Other qualifications and restrictions may apply.

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Skip-A-Pay FAQs

Skip-A-Pay is a benefit available to members who have auto loans, recreational vehicle loans, or personal loans in good standing. You may be eligible to skip a loan payment, even if you’ve already done so this year¹.
How to Skip-A-Pay in online banking:
  1. Log in to online banking
  2. On the left side of the screen, click Payments and then Skip Payment
  3. If the loan is eligible, you will be able to select what loan payment you would like to skip by clicking Next
  4. Select the account from which you would like the Skip-A-Pay fee withdrawn
  5. Review the terms and conditions, click Agree to continue
  6. The next screen will recap all of your choices, click Done to return to online banking

How to Skip-A-Pay in mobile banking:
  1. Log in to mobile banking
  2. In the top left corner, tap the 3 lines to access the main menu
  3. Select Payments and then Skip Payment
  4. If the loan is eligible, you will be able to select what loan payment you would like to skip by tapping Next
  5. Select the account from which you would like the Skip-A-Pay fee withdrawn
  6. Review the terms and conditions, tap Agree to continue
  7. The next screen will recap all of your choices, tap Done to return to mobile banking
To check if you are eligible for Skip-A-Pay, start a secure a secure Conversation with one of our team members or call us at (800) 777-6728. 












1: Loans are eligible for Skip-A-Pay after three (3) months of payment history. No more than two (2) Skip-A-Pays are allowed per calendar year, per loan, and they must be at least three (3) months apart. Loan(s) must be current, and all Cornerstone accounts must be in good standing to apply for Skip-A-Pay.

By choosing to skip a payment, you request that Cornerstone defer your loan payment for one month. Your regular payment will resume the following month on your scheduled payment date. You agree and understand that each skipped loan payment is subject to a fee, as specified in our current Service Charges. Fees are based on the dollar amount of the payment being skipped and are automatically withdrawn from your account once the skip is approved and processed. If funds are not available in your Cornerstone account, you must contact a Cornerstone representative to complete this request. Individual application fees apply when skipping multiple loan payments.

Home equity loans, lines of credit, collection loans, and credit cards are not eligible for Skip-A-Pay. Finance charges continue to accrue at the rate provided in your original loan agreement, during and after deferment. Deferring your payment will result in higher total finance charges than if payments were made as originally scheduled, will extend the term of your loan, and will require you to make additional payments after your loan would otherwise be paid off.

If you are requesting to skip a payment funded by an EFT/ACH or transfer, you must contact Cornerstone or your financial institution to cancel that month’s transfer. Electing Skip-A-Pay will not cancel your scheduled payment transfer. If you previously elected credit life and/or disability insurance, coverage will not be extended beyond the original maturity date. Additionally, skipping a payment may impact GAP coverage. Please review your GAP agreement or contact us for details on how a skipped payment may affect your coverage. All deferrals are subject to Cornerstone approval. Additional restrictions and adjustments may apply.