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*Some restrictions may apply. Subject to approval. One loan payment must be made between COVID deferral(s) and the summer deferral. If you received three COVID deferrals you will NOT qualify for the summer deferral. This deferral will amend the terms of your loan or loan advance. Except for the amendment to your payment schedule, all other terms of your loan or loan advance will remain unchanged and in effect. Interest will continue to accrue on all loans affected by this program, and the maturity date on each loan deferred will be extended by one month per deferral. Your regular payment schedule will resume in the month or next payment period immediately following the deferred payment. If GAP was purchased on this loan, skipped /deferred payments may cause a shortage in coverage. Visa, Mastercard, Real Estate related loans, Line of Credit and Holiday loans not eligible for deferral. Recent loans that have received 90 days no pay may not be eligible. Neches FCU reserves the right to decline deferral requests at our discretion.