Skip Your Next Auto Loan Payment when You Open a New Checking Account.

Make the most of your Corporate America Family Credit Union (CAFCU) membership when you open a checking account. These Skip-A-Pay offers are our way of showing how much we appreciate you.
Added Bonus

How It Works

Skip your next month’s auto loan payment* by opening a new CAFCU checking account.

BONUS: Skip an additional loan payment** when you set up a recurring direct deposit of $500 or more per month.

An email confirmation of the payment being skipped will be emailed to your primary email address.

Frequently Asked Questions

Answers to the most common questions that you may have about these Skip-A-Pay offers, along with other important information.

Yes, as long as your name is on the auto loan and on the new checking account. Skip an additional payment when you add at least one qualifying Direct Deposit of $500 or more within 60 days of opening the account.

No, the standard $39 Skip-A-Pay fee is waived for eligible skips earned with this offer.

No. We do not perform a credit check for this promotional offer. The skip-a-payment offer is not considered a late or delinquent payment. You should have no adverse effect to your credit score.

Yes, you will receive a debit card 7-10 business days after the account opening process is completed. You are able to order checks with your new checking account.

You can easily sign up for online banking or download the mobile app anytime.

Click here to get started.

CAFCU and our marketing partner take the security of your personal information seriously. Please review our privacy policy on our corporate website for details.
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Need Further Assistance?

Give us a call at 847-737-9805 or stop by one of our convenient branch locations.

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Para hablar con uno de nuestros representantes en español por favor llámenos al 800-914-7536

*To qualify for the first skipped payment: You must open a new Corporate America Family Credit Union (CAFCU) checking account of any type, subject to approval, at least 10 business days before the month of the CAFCU loan payment you wish to skip. **To qualify for the second skipped payment: You must make at least $500 in qualifying electronic deposits within 60 calendar days of account opening. A qualifying electronic deposit is a deposit of new income from an external source that has posted to your account. Transfers from one account to another, mobile deposits, Zelle®, or deposits made at a branch or ATM are not considered a qualifying electronic deposit.

Offer not valid on existing CAFCU checking accounts. This offer cannot be combined with any other Skip-A-Pay or checking account offers. Only two CAFCU loan payments can be skipped per calendar year. These may be taken back-to-back or at any time during a rolling 12-month period. There is no fee to participate in the skipped payment through this promotion. Skipping a payment will not reduce your loan balance. Finance charges will continue to accrue on the unpaid balance of the loan, extending the final payment date and increasing the amount of your last payment. If your loan has GAP coverage or Payment Advantage coverage, skipping payments may reduce the GAP payout at total loss, and the total benefit from Payment Advantage may be reduced. It is available for a limited time only and is subject to change or end at any time without notice.

IMPORTANT NOTE: An email confirmation of the payment being skipped will be emailed to your primary email address. You must continue to make your auto loan payment until we confirm your skipped payment has been processed. If you have set up an automatic payment of your loan, the payment for that month will be deferred. If you have set up a recurring payment through online or mobile banking or through a Bill Payment service, you will need to defer the payment for the month. Your new account must stay open through the time we attempt to skip your payment. Offer expires 1/2/2026.