What is a Credit Freeze?
Skip A Pay
Skip A Pay
The 2022 Skip A Pay promotion has ended.
Please call (805) 543-1816 for the status of your application or for any questions.
IMPORTANT REMINDER
If you scheduled recurring automatic loan payments from SESLOC or another financial institution, you will need to cancel or pause the payment for the month your payment is deferred.
Pro Tips for Submitting Your Skip A Pay Form
What’s the Difference Between Member Number and Account Number?
When you join a credit union, you become a member and are issued a Member Number. This is often commonly considered an Account Number because your different accounts and loans will be filed under your member number.
Loan Payments and Transfers
Do you have a SESLOC loan or credit card, or need to move money between your accounts? Set up payments and transfers in Online Banking or the Mobile App. You can also schedule recurring transfers.
Transferring Funds From a Different Financial Institution
SESLOC makes it easy to transfer money to and from other domestic (U.S.) financial institutions. First, you’ll need to link the external account(s), which can be done through Online Banking or the Mobile App.
If you are experiencing difficulty making payments due to financial hardship, such as loss of income, please call us at (805) 543-1816 x561 or learn more about our programs.
*By submitting the Skip a Pay form, You request that SESLOC FCU defer Your payment(s) as indicated. You agree and understand that: 1) Loan(s) must be current and have an on-time payment history (i.e. no late payments) for the six (6) months immediately preceding the Skip A Pay request; 2) Eligible loans include consumer: vehicle, recreational vehicle, specialized mobility vehicle and Signature Loans; 3) All signers on the loan(s) must agree to the terms of the Skip A Pay and sign the request form; 4) Membership must be in good standing; 5) FINANCE CHARGES will continue to accrue at the rate of Your loan agreement during the deferment period AND will increase the finance charges You pay; 6) Deferring your payment will extend the term and maturity date of Your loan; 7) A $30.00 processing fee per each loan approved for Skip A Pay applies; 8) You will be required to resume Your monthly payments the following month; 9) You may skip one (1) payment per qualified loan as part of the Skip A Pay program, per year, with a maximum of five (5) skips during the life of the loan. NOTE: Loans protected by GAP or Members Choice Borrower Security may have their coverage affected (it may not be extended beyond the original maturity date), please refer to your related agreement for specific details. All Skip A Pay requests are subject to SESLOC FCU approval. Requests to skip a payment must be received at least one (1) business day prior to Your November or December 2022, loan payment due date. Wednesday, December 28, 2022, is the last day to submit a form. The Skip A Pay promotion ends December 31, 2022. SESLOC reserves the right to withdraw this offer without notice. You may apply for Skip A Pay if you have previously deferred payments in 2022 due to financial hardship. Program excludes: Real Estate secured loans, HELOCs, Business Loans, Lines of Credit (LOC) and Credit Cards.
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Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.