Skip a Payment Terms and Conditions:

Skip payments are not available on mortgage loans or any loans over 10 years.

Qualifying loans, require a 3 month payment history.

Skip-A-Payment fee of $35.00 per skip requested.

Minimum payment being requested to skip, must be more than the $35.00 skip-a-payment fee.

One monthly deferment every six (6) months will be allowed per loan, two (2) per year.

Maximum lifetime Skip-A-Payments allowed per loan is six (6)

By requesting Skip a Payment, I understand and agree to the following terms and conditions:

1) FINANCE CHARGES will continue to accrue at the rate provided in the original loan agreement, during and after that time.

2) Deferring my next payment will result in having to pay higher total FINANCE CHARGES than if I made my payments as originally scheduled.

3) This payment deferral will extend the term of my loan(s) and I will have to make extra payments(s) after my loan(s) would otherwise be paid off. I understand payments will be made in the regularly scheduled amount every month until I have paid all of the principal and interest and any other charges I may owe under the Loan Agreement.

4) I will be required to resume my regular monthly payments in the following month.

5) If I have any form of voluntary insurance or warranty coverage (examples included but are not limited to: Debt Protect, Credit Life, Credit Disability, GAP (Guaranteed Asset Protection), and Vehicle Warranty) in connection with the loan(s) on which I elect to skip, such coverage may be impacted by the skip. I understand I must contact the third- party company through which the product(s) is/are offered to ensure I am aware of how this Skip-A Payment may affect any coverage I have.

6) All deferrals are subject to Olympia Credit Union approval. My loan(s) must be current (have no amounts past due) at the time I choose to accept this offer. Certain restrictions apply.

7) If my VISA balance is close to my Visa limit, skipping could cause me to go over my limit.