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To register for Online Banking or Online BillPay, call Powerco at (404) 506-3750 or 1-800-633-5217. Please note that passwords are case-sensitive.

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Products & Services

Anytime Skip-A-Payment & Seasonal Skip-A-Payment Options

  • Program is Available on Qualified Loans
  • Anytime Skip -A-Payment Allows You to Skip Your Powerco Loan Payments Anytime You Want*
  • Summer Skip-A-Payment Allows You to Skip Your June, July or August Loan Payments 
  • Holiday Skip-A-Payment Allows You to Skip Your November, December or January Loan Payments 
  • Skip One or All of Your Powerco Loans

Powerco Federal Credit Union's Skip-A-Payment program is perfect for those times when you need a little extra cash.

The Skip-A-Payment program is available on qualified loans - including auto loans, VISA® cards, Prestige Line of Credit, share covered loans, signature loans, boat loans, RV loans, other vehicle loans, and home equity loans with balances of $25,000 or less.

Skip-A-Payment is available on qualified loans that are paid by cash, check or payroll deduction. There is a $35 processing fee for the first skipped loan and a $15 processing fee per additional skipped loan, which can be paid by check or deducted from your Powerco checking or savings accounts.

Our Anytime Skip-A-Payment Application allows you to request a "skip" on qualified Powerco Federal Credit Union loans anytime you want.* To skip, download the Anytime Skip-A-Payment application and submit it no later than the 15th of the month prior to the month you want to skip. For example: To skip your February loan payments, apply by January 15th.

If you wish to take advantage of the Anytime Skip-A-Payment option, please complete one of the following forms and return it to the Credit Union no later than the 15th of the month before you want your payments skipped. See the application for additional details.

Anytime Skip-A-Payment Application

*Anytime Skip-A-Payment Terms: In order to be eligible to participate in the PFCU Anytime Skip-A-Program, all of your loans and accounts at PFCU must be in good standing, the loan must not have been granted a deferment during the past 12 months and the application for the Skip-A-Payment program must be approved. Interest will continue to accrue on the outstanding balance of the loan(s) until it is paid in full. Deferring payment will result in having to pay more interest than if payments are made as stated in the original loan agreement. If the loan(s) is protected by credit life and/or credit disability insurance the monthly premium charges will continue to accrue. Mechanical Breakdown Protection (MBP) or GAP coverage on the loan(s) may not extend beyond the original term of installment agreement and skipping a payment may reduce the amount of MBP or GAP claim. Refer to your MBP or GAP policy for complete information. You will still be responsible for the entire outstanding principal and interest of the loan(s), will be responsible to continue to make the monthly payment after the original maturity date until all principal and interest are paid in full and the pledge of security shall remain in effect until the loan is fully repaid. The next regular payment will be due on the scheduled payment due date following the MONTH you have selected to skip a payment. This offer does not apply to mortgages, home equity loans with a balance over $25,000 or new loans open for less than 6 months.  You cannot skip consecutive payments on the same loan. You may be eligible to skip a payment up to 2 (non-consecutive) payments in any twelve-month period on the same loan and no more than 4 skip payments may be made throughout the term of the loan. Anytime Skip-A-Payment is subject to final approval and we will notify you in writing if your application is not approved. Other conditions and restrictions may apply.                                                                              

 

 

 

NCUA

This credit union is federally insured by the National Credit Union Administration.

We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act. NMLS# 762143

Equal Housing Lender