SummerJam Loan and Summer Skip-A-Pay


For Our 70th Anniversary, The Special Rate for the SummerJam Loan Has Been Lowered!

SummerJam Loan Special

$1,200 at 7.7% APR* for 12 Months
Available June 1 – Aug. 31, 2023
Members may only have one SummerJam Loan at a time.
Existing 2022 SummerJam balances will be paid from 2023 SummerJam loan proceeds.

Call to Apply – Shreveport 318-621-0605; Bossier 318-629-5622

(*Annual Percentage Rate. Membership and Approved Credit Required. Some Restrictions Apply Limited Time Offer. Two years of employment at current job required. Payment is $50 bi-weekly or $110 Monthly over 12 months and must be payroll deducted or ACH direct debit. Offer ends Aug. 31, 2023)

Summer Skip-A-Pay

Choose to skip your June, July or August Loan Payment. The $30 Processing Fee per loan may be paid by check, cash or transfer from savings or checking.

Deadlines to Skip Each Month if you make bi-weekly payments:

  • June – June 6
  • July – July 5
  • August – Aug. 1

Deadline to skip if you make monthly payments -- 3 days before your payment date.

For a Form:

  1. Pick up a Request Form at either Branch
  2. We will fax a form to you or
  3. Download the Request Form.

To Submit Your Request Form:

  1. Bring it to either branch
  2. Fax it to either branch – Shreveport: 318-635-4719; Bossier: 318-629-5623.
  3. Email to wkfcu@wkfcu.org
  4. Be sure to turn it in by the deadline for the month you wish to skip.

Skipping two consecutive bi-weekly payments is equal to skipping one monthly payment on your loan. By signing the form, you authorize Willis-Knighton Federal Credit Union to extend your final loan payment by one month. The $30 processing fee per loan will be automatically deducted from your savings or checking account or you may pay with cash or check. Interest will continue to accumulate on your loan during the period that you skip your payment. Payments made through payroll deduction or direct deposit will be deposited into your share savings account for the period that you are skipping your payments. August has 3 pay periods. If you chose to skip the month of August, you will only skip the first 2 pay periods. Deadline to skip your June payment - June 6; to skip July payment -- July 5; to skip August payment -- August 1. Your account must be in good standing to be eligible for the skip-a-payment program. Real Estate loans, credit cards, first payment loans and delinquent loans are not eligible for this promotion.

Rates Quick View

Loan Rates (% As Low As)
Auto 3.69%
Boats 3.69%
Motorcycles 3.69%
Personal Loans 9.00%
Share Secured 4.00%
Certificate Rates (% As High As)
6 months 3.34%
12 months 3.44%
18 months 3.55%
24 months 3.55%
36 months 3.51%
48 months 3.71%
60 months 3.92%

View All Rates

*APR = Annual Percentage Rate
*APY = Annual Percentage Yield
Rates are subject to change without notice



Read Our Newsletter