Financial Federal Credit Union
22 East Flagler Street Miami, FL 33131
1-800-727-5626 or 305-577-1328


Please contact us at 1-800-727-5626 or 305-577-1328 before submitting this form
Print Application!

Skip-A-Payment Program


It's a great feeling to have a break from loan payments!

As a special reward for membership - Financial Federal Credit Union invites you to relax and take a payment break up to twice a year on your loan.

You are welcome to skip a loan payment if:
  1. You have made at least six (6) payments on your loan.
  2. Your accounts are in good standing and your loans are current and have been current for the last 12 months.
  3. You did not skip a consecutive payment.
There is a processing fee of $35.00 for all loan types. Please note that home equity lines of credit loans are not eligible for this program. Your loan due date is moved forward one month from your present due date. If you are on payroll deduction, the payment will remain in your savings account. If your payment normally originates from another financial institution, contact them to cancel payment for the month you are choosing to skip.

Are you ready to skip?
Just follow these two simple steps!

Step 1 - Complete the Skip-a-Payment form. Step 2 - Mail or fax to: Financial Federal Credit Union · Skip Dept 22 E. Flagler Street Miami, FL 33131 · Fax: 305-577-1698.

This form must be received at least 10 days before payment is due but no more than 30 days prior to the due date.

*Terms and Conditions - Financial Federal Credit Union reserves the right to deny this offer for any reason. Offer subject to cancellation. By participating in Financial Federal Credit Union's Skip-A-Payment program, you request that Financial Federal Credit Union defer your loan payments as indicated. You agree and understand that: 1)FINANCE CHARGES will continue to accrue at the rate provided in your original loan agreement, during and after that time; 2) deferring your payment will result in you having to pay higher total FINANCE CHARGES than if you made your payment as originally scheduled; 3) the payment deferral will extend the terms of your loan(s) and you will have to make extra payment(s) after your loan(s) would otherwise be paid off; 4) you will be required to resume your payments the following month; 5) If you carry disability or life insurance on the loan, these charges will continue to accrue, and 6) a fee of $35 will be deducted from a savings or checking account for this service at the time the request is processed if a check is not sent with form. If you elected GAP or Warranty coverage, the coverage will not be extended beyond the original maturity date. All deferrals are subject to Financial Federal Credit Union approval. Your loan(s) must be current (have no amounts past due) to accept this offer. Certain restrictions may apply.

† excludes Financial Federal Credit Union Visa/MC Credit Cards, real estate secured loans and lines of credit.

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Skip-A-Payment Promotion Form
  1. I want to skip my loan payment(s) for a month starting __________________. I understand there is a $35 processing fee for EACH loan payment I choose to skip. The processing fee does not reduce the principal.
  2. I understand this will delay the payoff of the loan(s) and the skipped payment(s) will accrue additional finance charges.
  3. I can make up the payment(s) at any time, but extra payments will not change the due date of the next scheduled loan payment(s). I authorize the credit union to change the payment schedule(s).
  4. I am aware that by skipping payment(s) the benefit from disability, life, and/or GAP insurance may be reduced by the amount of the payment skipped.
  5. This is not a novation. The terms and conditions of my loan agreement(s) remain in force.
Name: _________________________________ I understand there is a $35 processing fee for EACH skipped loan Payment. Total Amount Due: $__________

I have enclosed a check for the Total Amount Due
Please deduct the Total Amount Due from my account.

Member # ______________________
Checking    Savings

All borrowers agree to the above. All borrowers MUST sign.
Daytime Phone: _________________________
E-mail address: _________________________
Member# ____________ Loan# ____________ Due: ____________
Member# ____________ Loan# ____________ Due: ____________
Member# ____________ Loan# ____________ Due: ____________

_________________________________
Primary Member's Signature
____________
Date
_________________________________
Co-Borrower's/Co-Signer's Signature
____________
Date