|Our Gift To You!|
As a valued member of Oxford Federal Credit Union you can participate in our Skip-A-Payment program. This means that you can choose to skip the November, December and/or January payment on your credit union loan. Have more than one eligible loan? Skip a payment on each!
Skipping a payment is like 'making a loan to yourself' and will allow you to take the stress out of the season, and take charge of your budget! Use the extra cash for holiday travel, gifts, entertainment, or any of the many expenses that comes this time of year. It's our way of thanking you for your loyalty and telling you how much we appreciate your membership.
Easy to Apply!
Click Here for a Skip-A-Payment Application
Simply complete the application and return it to Oxford FCU either by mail, faxing it to 207.364.8962 or drop it off at an Oxford FCU branch. Paper copies of the Skip-A-Payment application are also available at both Oxford FCU branches.
1. A processing fee of $35 per loan will be deducted from your account. If you do not have $35 in your account, please mail a check for $35 for each skipped payment along with your Skip-A-Pay application.
2. Loans cannot be past due at the time of request. All Credit Cards, Real Estate Loans (i.e., Mortgages, Home Equity Line of Credit Loans, Home Equity Loans and Home Improvement Loans, etc.), VISA Credit Cards and Overdraft Protection are not eligible. Application and approval required for all skipped payments. All applications are subject to Oxford Federal Credit Union's final approval.
3. Applications should be received at least five business days prior to the loan due date. Interest will continue to accrue on unpaid balances through the skipped payment period.
4. Each use of Skip-A-Pay extends the term of your loan by one month. Interest will accrue on unpaid balances through skipped payment period.