Skip Your Next Loan Payment

What is the COVID-19 Skip-a-Pay program? 

In response to COVID-19, we've created a special Skip-a-Pay which allows those members that have been financially impacted to skip one qualified loan payment until April 30, 2020.



How does Skip-a-Pay work?

If you choose to skip a payment, your current due date will be advanced one month forward. Interest will continue to accrue during your skipped payment period and your loan maturity date will be advanced one month forward. All terms and conditions will remain the same and you'll resume your next regular payment.

Am I eligible?

  • You must be in good standing (not delinquent or have a negative balance) on all accounts, including those you may be a co-signer on. Any currently delinquent loan or a loan which has been previously delinquent, may be ineligible.

  • Loan must be current or in grace period. This includes any other loans under your name as well.

  • Loan must have at least 6 payments credited.

  • Loan must not have had more than 2 skipped payments under this program within a calendar year.

  • Application must be received at least 5 days prior to payment due date.

What types of loans are eligible?

  • New and pre-owned auto loans

  • Signature loans

  • Share secured or stock secured loans
  • Boat loans
  • Motorcycle and ATV loans
  • RV loans 
  • Student loans (through


The following Members Choice loan types are not eligible for the Skip-a-Pay program: Any real estate loan or line of credit, credit cards, business loans, CD secured, or Smart Choice auto lease.


Click here to see how we are assisting members with these loans. 

Need to skip your next loan payment?

Download the Agreement

Return your Skip-a-Pay agreement to us any of the following ways:

Once we've received your application, we'll process it and you will receive a confirmation email within 24-48 hours. 

The Members Choice Credit Union (Members Choice) Skip-a-Pay agreement must be signed by all borrowers of the original Loan Agreement. Only two Skip-A-Pays may be granted per calendar year. The following Members Choice loan types are not eligible for the Skip-a-Pay program: Any real estate loan (including Mortgages, Home Equity, Home Improvement and HELOCs), line of credit, credit cards, CD secured, business loans, Smart Choice auto lease and any loans originated within the past six (6) months or any delinquent loan.  Any currently delinquent loan or a loan which has been previously delinquent, may be ineligible. Any payment deferrals or previous extensions may affect eligibility. Loan must have at least six (6) payments credited. By enrolling in Skip-a-Pay, you agree to the terms and conditions and you are requesting Members Choice to skip one monthly payment and advance the due date of your regular monthly payment by one month. You are aware that choosing to defer/skip payments on your loan(s) may affect future payment on Life, Disability or GAP claims. Enrollment in the program means you authorize Members Choice to extend your final loan payment as needed. Your payment will revert back to your original payment schedule and due date following the skipped payment. Payments and credits shall be applied in the following order: accrued interest or finance charges; outstanding principal, any amounts past due. In some cases, based on the size of your balance, the accrued interest may be greater than the amount of your next regular payment; it may take several months to begin to reduce your principal balance. Submitting the application does not guarantee approval. Members Choice has the right to refuse any Skip-A-Pay request. You agree to hold Members Choice harmless for any consequences resulting from rejection of Skip-A-Pay request. If your application is rejected you will be notified by email. All other payment terms of your Loan Agreement/Promissory Note will remain in full force and effect.

About Members Choice Credit Union

At Members Choice, we strive to exceed your expectations. We believe in people-helping-people by providing sound financial solutions and resources, as well as sharing our passion for supporting the community. As a full-service financial institution and SBA-preferred lender based in Houston, Texas, we have proudly served the West Houston, Katy and Cy-Fair areas for over 79 years.


All memberships and credit products are subject to approval including credit approval.


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