The ATFCU Skip-A-Payment program takes place during the holiday season each year. Here's how it works - members in good standing can elect to skip one or two loan payments during November, December, and January. A $10 fee is collected for each loan payment skipped. The entire fee is then donated to The Boys and Girls Club of Abilene to support their respected work with Abilene's children and youth.
Since the 2003 start of the Skip-a-Pay program, Abilene Teachers FCU members have donated $1.8 million to the Boys and Girls Club. This significant amount has allowed for club expansion and enhanced programs. On their behalf, thank you for your enthusiastic participation!
The 2018 program began on October 1. On or after that date, qualified members can electronically request and approve their own skips. This can be done using our mobile app or in online banking.
Mobile Banking App
In our phone or tablet app, tap on the 'More' heading, then tap 'Skip a Payment'. Follow the prompts from that point.
After logging in to online banking, look for the Skip A Payment section located directly below the Make a Payment box. Follow the prompts from that point.
If you would like to use the tried and true method to request skips, please drop by a branch or call us at 677-2274 or 800-677-6770 to get the process underway.
Timing is important to Santa and to us. If your loan payment is being made automatically from an outside financial institution or from another account at ATFCU, please request the skip or contact us at least 5 business days in advance of the payment date so that proper loan modifications can be completed.
New For 2018 - External Loan Payments Feature
Since early August ATFCU members have been able to use digital banking to take control of their loan payments made from outside financial institutions. If you have established such payments on a recurring basis, please remember that you will need to cancel the loan payment for the month(s) in which you have requested a skip.
The Small Print
Skip payments are subject to ATFCU approval and are not available for real estate, home equity, home improvement, overdraft, line of credit, or credit card loans. New loans that have not had a least one full monthly payment are not eligible. Full insurance coverage must be in effect for vehicle loans.
Other restrictions may apply. Members who have already had two payment extensions in the past twelve months may not be eligible. Payment skips or extensions will affect interest accrual, final payoff date, GAP settlements, and equity in collateral.