Beginning May 1, 2026
Take a break from your loan payment.
LLCU is offering you the opportunity to skip your loan payment. New this year: you can choose which month or months to skip, instead of being limited to designated periods.
Eligible members with an LLCU loan in good standing* may skip up to two monthly payments during the 2026 calendar year. Each month’s deferred payment will be added to the end of the original term of this loan. Regular loan payments will resume the month following the skipped payment. A $35.00 fee will be charged per loan deferment.
Submit a Skip-A-Pay
Once this program is live, download the Skip-a-Payment form. Carefully review, complete, and sign the form. Return it by mail or drop it off at any LLCU branch at least 5 business days before your payment due date. Once arrived, you can enjoy a month without a loan payment!
Forms can be mailed to PO Box 3310 Decatur, IL 62524-3310 or your nearest branch location.
How it works
If you choose to skip a loan payment, your current due date will be advanced one month forward. Interest will continue to accrue on your loan during the 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. It’s that easy!
*This special offer is not available on home equity & mortgage loans, one pay notes, loans opened within the last ninety (90) days, loan specials, loans with force-placed Collateral Protection Insurance (CPI) within the last 12 months, or Visa accounts. Other restrictions may apply and deferral subject to Credit Union approval. If your loan payment is normally paid automatically by net check, direct deposit, payroll deduction or through savings transfers, and you accept this deferral of your loan payment, the amount of the payment will remain or be deposited in your savings or checking account. If your payment for the selected month has already been applied to the loan, the skip-a-pay will be applied to the following month's payment. Payments already applied to the loan cannot be reversed. Please note that if you decide to defer your loan payment, the life of the loan will be extended by one month. Interest will continue to accrue, and Payment Protection premiums will continue to be charged, during the month of the deferred payment. Members who have already had two Skip-a-Payments on any one loan during a calendar year are not eligible for this offer. A maximum of 6 Skip-a-Payments allowed over the life of any one loan. There must be one month between Skip-a-Payments. A loan is considered in good standing if it is currently less than 21 days delinquent and has not been more than 30-days delinquent in the last 12 months. In addition to the previously listed qualifications, for any vehicle loan, Land of Lincoln CU must have possession of the title for any vehicle pledged as collateral, with LLCU listed as lienholder, to qualify for any skip of a payment.