Skip-A-Payment

Now Just a Click Away!

If you wish you had extra cash in your pocket, GLCU has a solution for you! We have a new feature available in Online Banking that makes it easy for you to choose the month you’d like to Skip-A-Payment! To postpone your eligible loan payment with Great Lakes Credit Union simply follow the steps below.

  1. Log in to Online Banking
  2. Click on the Transfers tab
  3. Select Skip-A-Payment
  4. Follow the prompts

Eligible Loans:

  • New & Used Auto Loans
  • RV and Travel Trailer Loans
  • Visa® Credit Cards*
  • Lifestyle Loans
Download Skip-A-Payment Form

Requirements:

  • $35 service fee per skipped payment
  • Maximum of (2) Skip-A-Payments per loan, per rolling calendar year
  • All accounts must be in good standing
  • Loan must be open for a minimum of 12 months
  • A completed and signed form must be returned prior to the due date you wish to skip

How to Apply:

Apply online through Online Banking by clicking on Skip-A-Payment in the Transfers tab and following the prompts. It's that easy!

You may also complete, sign and return this form to one of our branch offices. You may return the form via mail, fax, email or dropping it off at one of our branches in person.

Mailing Address:
P.O. Box 1289
Bannockburn, IL 60015

Fax Number: (847) 578-8870

E-Mail Address:  

Interest and finance charges will continue to accrue on your loan during the month you skip your payment and the term of your loan will be extended.  Check your GAP policy or other credit protection agreements before you skip the payment to be sure you are aware of any impact on coverage.

*Not all Visa® Cards are eligible for the Skip-A-Payment program. Please contact our Loan Center at (844) 235-LOAN or (844) 235-5626 to see if your Visa® qualifies.