Loans

You don’t have to wait forever to get the stuff you really want. One of the greatest advantages of being a member at Hopewell Federal is our complete line of affordable loan products and competitive rates.

We offer a loan for just about every need, from Visa® Cards to boat loans and more.

Holiday Skip a Payment

Hopewell Federal Credit Union wants to grant your wish with its Holiday Skip a Pay promotion. For a small $35 fee for each loan, you can choose to skip either your December OR January loan payment. PLUS, in an effort to help others, $5 of each fee will be donated to the Salvation Army. Only certain loans qualify: Auto (non leased), CD / Share Secure, and Signature Loans.

TERMS & CONDITIONS:

Membership accounts must be in good standing, defined as: all loan(s) must be current (with no collection pending), no accounts delinquent 60+ days in the past 24 months, your accounts(s) must not be overdrawn, and you must have sufficient funds to cover the processing fee. The loan must be at least six (6) months old. Offer excludes auto leases, home loans, mortgages, lines of credit, credit cards, and loans that do not meet terms and conditions. There is a $35 processing fee per qualifying loan payment that is skipped for either December or January. The processing fee does not reduce the principal. If you defer a payment, the total Finance Charge that you pay on your loan will be greater than what was stated on your loan contract charges because you are not paying interest or principal for the month you defer. This and any other previous or future deferments will extend the term of your loan which will require additional payments to pay off the loan. Credit Insurance premiums (if applicable) and interest will continue to accrue during waived payment period and loan maturity date will be extended. If you have elected to have Credit Life and Credit Disability or GAP coverage on the loan and then elect to defer payments using the skip a pay program or other deferments, your coverage will not cover the entire term of the loan and may affect potential claims. All other payment terms of your Loan Disclosure Statement and Agreement will remain in effect. Form must be received at least 5 business days before the loan payment being skipped/deferred is due. HFCU reserves the right to deny this request if all terms of the disclosure statement and agreement have not been met at the time this request is presented. If the request is denied, a Financial Services Representative will contact you via email. If your loan is paid by ACH from another financial institution, you will need to make arrangements to stop single payment with that organization.