More cash on hand for when you need it most.

The Summit is offering you the opportunity to skip your December loan payment. If you have an eligible loan from The Summit, you can skip your December payment with our Holiday Skip a Pay* program. Use any of the four easy methods below to submit your coupon and $30 processing fee by December 30, 2024.

With so many ways to submit your coupon, it’s easy to skip your December loan payment!

Online Access

Log into your Online Access account, then select Loans and Skip A Pay.

Secure Form

Submit the coupon with the secure form.

Mobile App

In The Summit FCU mobile app, select the three dots in the corner, then Skip A Pay.

Coupon

Complete the coupon and return it with the $30 processing fee to your local branch or mail to 100 Marina Drive, Rochester, NY 14626 Attention Skip A Pay.

Don’t worry about your loan payment this season. Skip it!

If your loan payments are set up for automatic payments, you may need to take additional action:

Transfers will continue to be deducted from your paycheck each period and deposited into your Summit account. Therefore, any payroll deductions for your December payment will be available for withdrawal at a Summit branch, ATM, and through Online Access.

Account to Loan Transfer

If The Summit set up your automatic payment, we will pause your automatic payment and advance the due date to the following month, when the automatic payments will resume. To ensure the automatic payment is not processed, the coupon and fee must be returned at least 5 business days before the due date.

ACH Origination

If you set up a recurring loan payment through ACH Origination, The Summit will pause the payment and advance the due date to the following month, when automatic payments will resume. To ensure the automatic payment is not processed, the coupon and fee must be returned at least 10 business days before the due date.

Online Access

If you logged into Online Access to set up automatic loan payments from your checking or savings account, you will need to temporarily deactivate that payment through Online Access. After the loan payment has been skipped, you need to log back into Online Access to reactivate your automatic payment for the following month’s loan payment. This step must be completed before the due date.

Another Financial Institution

If you set up your loan payment to be automatically deducted from another financial institution, you will need to contact that institution directly to temporarily stop or delay the payment. The Summit will not be able to deactivate any automatic payments on their behalf.

*Skip A Pay is only available on qualifying loans (excluding: loans with weekly or bi-weekly payments, Balloon loans, any loans secured with real estate, a share or a share certificate, Student Choice Student Loans, Episcopal SLC, overdraft line of credits, Visa® credit cards or if the loan(s) is past due.  Only one $30 processing fee will be charged per account, regardless of the number of loan suffixes you elect to skip.  Interest will continue to accrue on your outstanding principal balance during this time and the term of your loan will be extended.  We are unable to accept telephone requests.

I understand that by returning this coupon by 12/30/24, I am authorizing The Summit to skip my next loan payment(s) normally due on the loan(s) identified above. This promotion is only good to skip one monthly payment per eligible loan. I understand that interest will continue to accrue on my outstanding principal balance and that my loan’s maturity date will be extended. In addition, any insurance that I have on my loan(s) will terminate on the date outlined in my loan agreement. If I have GAP insurance on my loan, I understand that all principal amounts not paid when due under the original loan documents because of the changes made by this agreement shall be deemed to be in default for purposes of calculating the GAP amount in the event of a total loss of the vehicle. I understand that if I fail to return this coupon by 12/30/24 or if I have not paid the $30 processing fee by that date, my normal loan payment transfer(s) will be made as scheduled. The Summit will not refund any payment(s) made as a result of not returning the coupon on time. I agree that I am responsible for deactivating any automatic payments set up through Online Access. Should this occur and funds are not available to complete my normal loan payment(s), I may be subject to late fees as outlined in my loan agreement.