Skip-A-Payment... It's like making a loan to yourself!


Skip-A-Payment is now available YEAR-ROUND to our members with qualifying loans. Have more than one loan that qualifies? Skip a payment on each! Our Skip-A-Payment service is our way of thanking you for your continued loyalty, and showing you how much we appreciate your membership. 

  • Loans cannot be past-due at the time of a Skip-A-Payment request.
  • Loans 30 or more days past-due in the last 12-month period do not qualify for Skip-A-Payment.
  • Loans must be open for at least one year.
  • You must NOT have used Skip-A-Payment on the respective loan in the last 12-month period.
  • All Real Estate Loans (i.e., Mortgages, Home Equity Loans, etc.), Draft-A-Matic Loans, Single-Payment Loans, Energy Loans, and VISA Credit Cards are ineligible for Skip-A-Payment.
Please note:
  • Interest will continue to accrue on unpaid balances through the skipped payment period.
  • Skip-A-Payment extends the term of the affected loan(s) by one month.
  • Upon approval, a $25 processing fee per loan will be withdrawn from your Membership Share, $5 of which is donated to the Ending Hunger Campaign.

It’s Easy to Apply!

Log into OTIS Online on your internet-enabled device (desktop, tablet, or mobile phone), and click “Overview or Transfer Screens” to see if a loan qualifies. Qualifying loans will appear; click the loan that you would like to skip a payment on, and follow the on-screen instructions.

You may also stop in and see one of our Loan Officers in person or speak to one over the phone. If you are applying for Skip-A-Payment in person or over the phone, a confirmation letter will be mailed to you upon approval.