Accessing Holiday Loan Skip Options at Credit Unions in 2025: What to Know Now

Thinking about how to free up some extra funds for gifts or bills this holiday season? Many credit unions are reviving their annual holiday skip-a-payment and deferment programs for members in 2025, letting you pause a loan payment during the high-cost months of November, December, or even January.

Your Guide to Credit Union Skip-a-Payment Programs

This year, credit unions across the country are rolling out special holiday skip-a-payment offers—giving members extra breathing room during the busy winter months. These programs generally let eligible borrowers postpone one regular loan payment in late 2025 with minimal red tape.

“ANECA Federal Credit Union allows December loan payments to be skipped for a $25 processing fee, with requests due by November 21, 2025.” (see details)

• Emporia State Federal Credit Union: Skip November or December payments for a $15 donation per loan (supports a local charity). More info here.
• First Choice Credit Union: Pause payments for November, December, or January by submitting a form; mortgage and equity loans generally excluded. Program breakdown.
• Members Choice Credit Union: Eligible members may skip a payment between November 1, 2024, and January 31, 2025, without affecting their credit score. Eligibility details.

Each credit union’s program is a bit different. Some require a nominal fee per loan you wish to skip, and terms vary regarding which loan types qualify. Most credit unions ask that your loan account is in good standing and that you fill out a quick application—often through online banking or a mobile app.

How Do You Apply? Tips, Fine Print, and What to Watch Out For

If you want to take advantage of a deferment or skip-a-pay this December, timing matters. Every program has a cutoff date, and spots can fill up quickly at smaller financial institutions. Be ready to submit your request online, by form, or even via text, depending on your credit union.

“Most skip-a-payment options require your loan to be current, with at least 6 months of on-time payments and no recent delinquencies.”

• You’ll still pay interest during the pause, so your total interest due over time may increase slightly.
• Skipping a payment does not directly impact your credit score, but ask whether the skip extends your loan’s length or affects any automatic payments set up for you.
• Mortgages, equity lines, and some secured loans are frequently excluded—check with your lender for complete program details.
• Application fees commonly range from $15–$25 per loan. Some programs donate the fee to a local charity.

To apply, log in to your credit union account or visit their holidays relief page. If programs fill up or your loan isn’t eligible, explore short-term personal loans or other holiday relief programs. Platforms may offer affiliate options for personal loans—always compare rates and make sure the terms work for your situation.

Plan Ahead and Maximize Your Seasonal Relief

Before you skip a payment, review the terms closely and know exactly when your next payment is due. If you’re managing several loans, focusing relief on the highest monthly cost can maximize your holiday budget. Stay organized to avoid unintentional late fees or auto-pay confusion.

“Even a one-month skip can free up a few hundred dollars for groceries, travel, or emergencies—but don’t forget to revisit your budget when payments resume.”

Want tailored guidance? Check your credit union’s online portal now, or reach out to a certified financial counselor (many are available virtually). For those open to other money-saving options, compare available offers—a little planning can stretch your holiday dollars farther in 2025.

Take that first step: log in to your credit union portal and review your options today, before deadlines pass or relief spots fill up.