Interest will continue to accrue during the deferment period. Deferment of payment will extend the life of the loan and may cause an increase in the final payment amount. Offer only available on CONSUMER qualifying loans (excluding: home equities, mortgages, credit cards, lines of credit, MI Saves and merchant loans, Share secured CD secured and repayment accounts) currently financed with Consumers Credit Union with a maximum of six extensions allowed during the term of the loan, and no prior extensions within the last 90 days. Limit of two extensions per rolling 12 month period. Loans must be current and all accounts in good standing. If your auto loan has GAP insurance, please contact your insurance carrier to determine how a Skip A Payment may affect your coverage. If your loan is protected by other insurance, it may be ineligible. Offer subject to approval and does not apply to the first payment of any loan. The fee to skip a payment is $25 for loans originated in Indiana. For all others, the fee is $40 for loan payments less than $500; and $50 for loan payments greater than $500.