Add some extra cash to your monthly budget by deferring your next loan payment and use it for your next vacation, holiday shopping, back-to-school expenses, unexpected bills or to simply catch up! Skip-a-Pay gives you the option to defer up to two monthly payments a year on an eligible loan* and, best of all, it allows you to skip a loan payment without impacting your credit score.
Defer up to two payments a year on your auto loan, personal loan, shared secured loan, or unsecured line of credit.
For a nominal processing fee, you can be payment-free to use the extra cash however you like.
The skipped payments will be added to the end of the loan without affecting your credit.
Fill out the form, choose the months you what to skip the payment, and submit it at least 5 days before your due date.
Need a month or two break from your loan?
We offer our skip-a-payment program for just that! Whether you just want to take a much deserved break, or need some extra time to make your payment, we’ve got you covered!
* This is a fixed rate and will remain the same during the entire life of the loan. Loan approval is based on a credit and repayment ability evaluation, and it is possible that you may not qualify for this loan. Loan disbursement subject to proof of purchase or invoice of the green product. Available only for members and improvements in the United States.
** APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied. Sample payment: the monthly payment for a $15,000 loan would be $451.25 in 36 installments.
***Fixed rate limited time offer loans.
Personal Loans
Type of Loan
APR*
Term
Loan amount
Green Loan
8.44%**
Up to 42 months
Up to $15,000
Signature
11.00% - 18.00%
Up to 6 years
Up to $35,000
Deposit Secured (Shares and Share Certificates)
2.5% above the rate paid on deposit pledge
Up to 10 years
Available balance on deposit pledge
Post-Secondary
Education Loan
9.00% - 11.00%
Up to 4 years
Up to $15,000
International Personal Loan
18%***
Up to 3 years
Up to $5,000
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
** This is a fixed rate and will remain the same during the entire life of the loan. Loan approval is based on a credit and repayment ability evaluation, and it is possible that you may not qualify for this loan. Loan disbursement subject to proof of purchase or invoice of the green product. Available only for members and improvements in the United States.
****This is a variable rate loan. The rate is determined by adding a margin to an existing published rate (the Prime Rate published on the Wall Street Journal), and the rate may change without previous notice on the last day of March, June, September or December each year; however, your rate will never exceed 18% APR. Based on the results of your credit evaluation, and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied. This loan is offered exclusively to members of OAS FCU who do not otherwise qualify for any loans via their employers as part of their employers’ relationships with the Credit Union. We offer this loan to those who have been members of OAS FCU longer than one year, and who can provide proof of employment with income exceeding 24 months. Sample repayment schedule: the monthly payment for a 3-year loan with the current rate would be $35.65 for every $1,000 borrowed.
OAS, IICA & Other SEGs
Type
APR*
Terms
Loan Amount
OAS Retirement & Pension Plan
7.50%
Up to 15 years
Up to $65,000
IICA Recognition of Years of Service
7.50%
Up to 15 years
Up to 100% of accrued benefit
CAF Recognition for Years of Service
7.50%
Up to 15 years
Up to $35,000
OAS Benefits
10.00%
Up to 10 years
Up to $10,000
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
Credit Cards
Type
APR*
Credit Limit
VISA Platinum
13.00% - 16.00%
Up to $30,000
VISA Classic
11.00% - 17.00%
Up to $10,000
Balance Transfer(1)
2.25%
Up to available credit
* APR means annual percentage rate. This is a variable indexed rate based on the Prime Rate published by The Wall Street Journal. Using that rate as reference and, as it fluctuates, your loan rate may change on any of the following dates: the last day of March, June or September or December. An increase in rate might affect your payment amount. OAS FCU lists rate ranges that are applied during loan evaluation. Based on the results of your credit evaluation and the analysis of your repayment ability, you might be approved for a smaller loan than you requested; your loan might also be denied.
(1) The promotional APR is available for the first 12 months after the balance transfer. Any remaining balance remaining after that time will incur the standard rate of your card at that time.
FAQs
Yes, this loan qualifies for our Skip-a-Payment program.
With Skip-a-Payment you have the ability to skip up to two (non-consecutive) monthly credit union loan payments each year, whenever it's most convenient for you.
To enroll, complete the Skip-a-Pay form, indicating the month you would like to skip your payment, and return it to the Credit Union at least five days before your payment is due.
You may establish automatic payments from any of your OAS FCU accounts in the follong ways:
Via payroll deduction (for OAS Staff and IICA Staff)
Making or scheduling payments from your Online Banking either from your OAS FCU accounts or from the linked accounts from other financial institutions
Sending a check by mail
Establishing an ACH from another financial institution
We never charge a fee for applying, originating, making prepayments or paying your loan off early.
Your funds will be directly deposited into your OAS FCU Checking account.
Yes, you can. For more information or to submit your application email us at: [email protected].
Every loan is different in this regard.
Please log into your online or mobile banking to submit your request, so that we can work on your application.
Fees
Loan Fees
Processing vehicle titles
$50 + DMV cost
Skip-a-Payment
$5 each loan
Single debit origination to pay for a loan
No charge
Recurrent monthly debit origination to pay for loan
No charge
Late fee for consumer loans
4% of the monthly payment after 30 days past due
Late fee for HELOCs
4% of the monthly payment after 10 days past due
Late fee for mortgages
5% of the monthly payment after 15 days past due
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