HUDFCU's Skip-A-Pay program allows you to skip a single payment on a qualifying loan and use those funds for other expenses. The Credit Union will issue a one-time fee waiver for any government employee that may need to utilize the program during a shutdown.

*Members may only skip one payment per year. Available for auto, she secured and signature loans. Excludes credit cards, home equities and mortgages. Verification of federal employment is required. Interest will continue to accumulate on the outstanding balance, increasing the total cost of borrowing and extending the term of the loan.

Affected government employees are eligible to apply for this short term no-interest loan to help when you need it most

Loan Details:

• $5,000 maximum loan amount
• 7.75% APR
• 24-month term
• No fees
• Repayment will start in 60 days. No interest will be charged if the loan is paid back immediately upon receipt of back pay.
• Members must be in good standing with membership open for at least 90 days.
• Full underwriting will be required and credit will be pulled.
• Proof of employment will be required.