Cash flow a little tight, let us ease the burden. To reward our established loan customers, Mid-Illini offers our Skip-A-Pay Program on qualified loans* twice each year.

Each year during the summer and again during the holidays, qualifying Mid-Illini members have an opportunity to skip their loan payment in either November or December and again in June or July. There is a $40 fee** for each payment skipped, and interest will continue to accrue.

Want to know if you qualify?

*Chances are you're eligible for the Skip a pay program if you meet these qualifications:

  • You have no Mid-Illini loan payment that is 30 days past due.
  • You haven't had a Mid-Illini loan payment that is 30 days past due in the past six months.
  • You haven't already used the Skip-A-Pay Program 6 times on your loan.
  • You've made at least six payments on your loan already.
  • You have more than six payments left to make on your loan.
  • Your savings and checking accounts are not in a negative status (exceptions can be made if you're using overdraft Courtesy protection ).
  • Your $40 Skip-A-Pay fee is paid at the time of application, or those funds are on deposit at Mid-Illini.
  • You paid last month's loan payment.

Use this electronic form to make your payment online, check back in late October to download a Skip-A-Pay application form that you can print off and mail in with a check, or call us at 309.661.1166.

Important info about the Skip-A-Pay program

  • NOTE: Visa credit card, mortgage, home equity, Fresh Start, and CAB loans do not qualify for the Skip-A-Pay program.
  • The $40 Skip-A-Pay fee does NOT apply toward the interest or the principal on your loan.

To see if your request has been processed, log in to your online banking account and check the next due date on your loan under the 'details' tab.

You WILL be notified by phone or by mail if your request is denied.

All request forms MUST be completed and received (not postmarked) before the end of the month for the payment you want to skip, or the request WILL NOT be processed. Please allow at least 14 days for mail time and processing. These requests are processed in the order they're received, regardless of the payment due date.

*Credit card, mortgage, home equity, Fresh Start and Catch A Break Cash loans do not qualify under the Skip-A-Pay Program.
**$40 fee does not apply toward the interest or principal of the loan. Interest will continue to accrue during the time that payments are skipped, so the total interest paid on this loan will increase. The term of your original loan will extend as a result.