Traditional payday loans are designed to trap you into a vicious debt cycle fueled by exorbitant fees and interest rates. Our Payday Loan alternative is different because it was designed to break the payday loan cycle by helping you save money.
Before you apply, you must first score 80% or higher on one of the four educational requirements.
After selecting a module, create your login credentials and validate your BALANCE account. To return to the set of modules on the Credit Union's page, close the tab on your browser and click on the module again. At the end of each module, the Credit Union will be notified, via e-mail, that you have completed the educational requirement.
The Credit Union makes it easy to break the payday loan cycle by setting aside money each pay period into a special Payday Loan Savings Share. This restricted account will help you slowly save enough money to repay your Payday Loan in full using your money in savings instead of your payroll check. Loans will be paid in full; plus, an additional 5% of the loan amount will be automatically deposited into your Payday Loan Share via Payroll Deduction each pay period.
Account open at least 120 days prior to loan application
No Bankruptcy within the last 24 months
No existing delinquent loans with the Credit Union
Cannot have caused a loss to the Credit Union of any kind
If on 10 month payroll, Payday Loans not available one month prior to and during which no payroll coming to the Credit Union.
Personal Line of Credit
A Personal Line of Credit loan is a revolving or open-end credit loan because the length of the loan (term) is not fixed — it's ongoing. As you make payments and pay down the loan balance, you can advance any available amount as you would a credit card. The loan offers low rates and low minimum monthly payments.
Borrow that extra cash you need for that dream vacation, home repairs or any project you've been wanting to start, but haven't because you were short on cash. Our Personal Signature loans have fixed, low rates and a flexible repayment period.
Share Certificate Loan
Lower interest rates are available to members who pledge their share certificates as collateral. You continue to earn dividends on the funds held as collateral.
Share Secured Loan
Lower interest rates are available to members who pledge their savings as collateral. You continue to earn dividends on the funds held as collateral.