Need Some Extra Cash?
Do you currently have a loan with MidWest America? Wouldn't it be nice to skip
your loan payment to help out with your cash flow?
Well, if you are up to date on your MidWest America personal or vehicle loan, you
may elect to skip your loan payment. Mortgages, leases, and credit cards
are excluded. There is a $35 administration fee to handle this transaction, and you can
only skip one month's payment per loan. However, if you have more than one loan,
and are current on them, you may skip a payment on each loan.
Print off the Skip-a-Payment form and stop in your nearest
branch to get signed up. Or call 800-348-4738, and tell them that you would like to skip a payment.
Please note: This special program is not available for 1st or 2nd mortgage payments, home equity payments, Visa or lease payments. Likewise, it is NOT available for commercial, Flatiron and/or Capital Lending programs. Your loan must be current. By signing up for this promotion, you authorize MidWest America Federal Credit Union to extend your final loan payment by one month. The $35 processing fee per loan will be automatically deducted from your Regular Savings Account. Interest will continue to accumulate on your loan during the month you skip your payment. Payments made through Payroll Deduction or Direct Deposit will be deposited into your Share Savings Account for the month you are skipping your payment.Other restrictions may apply.