Skip-A-Payment
Choose a month to skip a payment on auto loans, boat loans, and more.
Pick a month. Skip a payment.
Put some extra cash in your pocket. Sign up for Skip-A-Payment and choose your month to postpone your Great Lakes Credit Union loan payment. Eligible loans include:
- New & Used Auto Loans
- Boat Loans
- Motorcycle Loans
- Small Business Loans
- RV Loans
- Lifestyle Loans
Requirements:
- $35 service fee per skipped payment
- Maximum of two (2) Skip-A-Payments per loan, per rolling calendar year
- All accounts must be in good standing
- Loan must be open for a minimum of 12 months
- Complete, sign and return form prior to due date you wish to skip
To apply, just complete our secure digital form, or print the form, sign, and return it to one of our branch offices via mail, email, or drop-off.
Mail: P.O. Box 1289, Bannockburn, IL 60015
Email: loanservicing@glcu.org
Fax: (847) 887-8771
Do more than bank. Bank for a greater good. Join our membership and be part of the Great Lakes Credit Union story.
Debit Card Rewards
Enjoy exclusive savings on everything from apparel to travel, courtesy of our debit card rewards program – a small “thank you” for your membership.
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Testimonials
22 years of great experience of friendly, helpful, resourceful service. Thank you!
GAP Insurance
Get coverage for the difference between what you still owe and what your auto insurance company will pay if your vehicle is badly damaged or totaled.
Mechanical Breakdown Protection
Get coverage for repairs on eligible used vehicles, typically for less than an extended warranty from a dealership.
Financial Calculators
Crunch the numbers to estimate your personal loan monthly payment.
Maximize your Membership
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Estimate your auto loan, credit card, and mortgage monthly payments. Balance your budget. Ballpark your savings, and more. -
Each time you use your debit card or bill pay or write a check, we’ll round up and transfer that amount from checking to a savings account.
Disclosure:
Interest and finance charges will continue to accrue on your loan during the month you skip your payment and the term of your loan will be extended. Check your GAP policy or other credit protection agreements before you skip the payment to be sure you are aware of any impact on coverage.
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