What is Skip-a-Payment?

During those times when money is tight and you need a little extra cash, skipping a loan payment may be a solution for you. Our MEMBERS1st Skip-a-Payment program lets members skip one month’s worth of payments on qualified loans, provided certain requirements are met.  There is a $30 fee per loan, not per payment skipped.


1) Through Online Banking: You can easily apply to skip your loan payment through our Online Banking service. Simply click on SP next to any eligible loan and follow the prompts.

Skip-a-Pay Screenshot - please call us at 800-245-6199 for assistance in setting-up skip-a-pay if you cannot see this image.

2) By Fax or In Person: Download the application, then fax it to us at 515-232-5672 or drop it off at any branch location.


If you have questions about skipping your loan payment, or if you need help submitting the form or setting up Skip-a-Pay in Online Banking, give us a call at (800) 245-6199.

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Rules and Information

  • Members can apply online, by phone, or by stopping in to any MEMBERS1st branch
  • Weekly/Bi-weekly/Semi-monthly loan repay terms eligible – cannot be handled through Online Banking.
  • 1 fee of $30.00 skips one month’s worth of payments, ie: 4 for weekly payers, 2 for Bi-weekly/Semi-monthly.
  • Fee of $30.00 per payment per loan

Existing consumer closed-end installment loans:

  • Loan must be open a minimum of 180 days
  • Loan must not be currently past due more than 10 days
  • Loan must not have any episodes of delinquency of more than 30 days in the past history
  • Member cannot have any overdrawn share or share draft account
  • Member cannot be over limit on any ME1st LOC or hoME1st Equity LOC
  • Minimum of 6 payments paid between skips
  • Maximum of 4 skips on any loan

Not applicable to:

  • All Mortgage and Home Equity type loans
  • All hoME1st Equity LOC Loans
  • All ME1st LOC Loans
  • All Certificate Secured Loans