GFA Federal Credit Union




Feeling stressed over those bills that keep piling up? Skip your consumer loan payment for a small fee* and take a little weight off your shoulders! 

Here is how it works...

Sometimes you need a break from payments, so GFA gives members the opportunity to skip a loan payment. For a $50 processing fee, those who qualify can skip one month's loan payment.* This offer is good on consumer loans only.

How do you participate?

To be eligible for a Skip-a-Payment you must have one of the following types of loans: Auto, Motorcycle, Recreational Vehicle or Shares Pledged Loan.


  • A $50 processing fee is required.
  • Loans must be current with six previous successful payments.
  • Only one skip payment is allowed in a twelve month period.
  • Interest will continue to accrue on a daily basis at the annual percentage rate set forth in your loan agreement, both during and after the deferred period. Your next monthly payment will include the interest accrued from the skipped month.
  • The skipped payment may result in paying additional interest over the life of the loan, and a larger final payment.
  • Your next loan payment will be due one month after the deferred payment due date.
  • If you have EZ Pay with an automatic recurring payment from another financial institution, your request to skip a payment must be received at least three business days prior to the due date in order to stop the automatic payment from being processed.
  • If you have purchased Guaranteed Asset Protection (GAP) this may adversely impact any future GAP claims. Please review your GAP contract for more information.
  • If your auto loan is a Lease Like loan you promise to pay the skipped payment(s) at least 60 days prior to the maturity date so that the residual value is not affected. Please review the Addendum to your Retail Installment Sale Agreement for more information.

Click here to complete the Skip-a-Payment form.

Completed forms may be submitted by:

GFA Credit Union
229 Parker St.
Gardner, MA 01440
Attn: Skip Pay Program
In Person: Dropped off to your local GFA branch

*In all other respects, all terms, provisions and conditions of the original note shall remain in full force and effect. Failure by the Debtor to make any payment, or to comply with any other provision of this Agreement or of said note as changed here, shall constitute a breach of condition for which the unpaid balance of the note debt shall, at the option of GFA Federal Credit Union or its assigns become due and payable immediately, and may be enforced or recovered together with the interest and other lawful charges as provided by law.