The nation's largest credit union serving the biomedical industry.
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NIH Federal Credit Union’s automobile Payment Vacation is here to help you skip a payment. So, in case you need to free up some cash you can request to skip a payment. You can make up the payment skipped at the end of your regularly scheduled loan term.

Skip-A-Pay Details

Eligibility Requirements: 

  • Must be an NIHFCU member
  • You may participate in the Auto Loan Skip-A-Pay Plan once every 6 months.
  • Your loan must be at least six months old and contractually current as of the date of your Payment Vacation agreement.


  • Skipping a payment will delay the payoff of your loan and result in additional finance charges, if you only make minimum payments
  • You need to make up the payment skipped.
  • You are not eligible for the Payment Vacation if you have an account with a negative balance or if you are past due on any NIHFCU loan.
  • All of the terms of your loan agreement(s) remain the same, except for the payment schedule.

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