What usually happens when you miss a loan payment?

#!?*!$#?

Not at Watermark Credit Union. We promise you lower cost loans with lower payments and better terms, and now we will let you miss a payment by just asking.*

This missed payment can be your auto loan, boat loan, Visa card payment—almost any loan.*

Watermark Credit Union lets you skip your loan payment when you send us a request instead of your payment. We charge a $25.00 fee for each payment skipped. This is added to your balance, or you can opt to have it taken from your checking or savings account. Your next payment due date is advanced a month and the interest continues to accrue. It's that easy.

Members in good standing* can use one skip a payment per year per qualified loan. Just send us a request and we will "Skip It."

I would like to skip a loan payment.
(With your request, please indicate name, account number, the loan you would like to skip the payment on and whether you would like the $25 fee added to your loan or deducted from a savings or checking account).

*All your accounts at the credit union must be current and within the approved credit limit. First Mortgages, Home Equity, and HELOC loans are not eligible for skipping payments.