Salary Advance Loans

¹APR = Annual Percentage Rate. Direct deposit(s) cannot be combined. Term up to 31 days from the date of disbursal, determined by direct deposit date of upcoming payroll. Upfront loan fees start at $7.50 for the first $100.00, with an additional $1.50 for every hundred dollars after, or $0.75 for every fifty-dollar increment. Fee example: A $200.00 loan incurs a $9.00 fee. Repayment due date is based on the Member's next direct deposit date and cannot exceed 31-days from the date of disbursal. If loan is not paid in full by the due date, the APR will increase to 18.00%. Member must be 18-years or older. Representative Payees cannot request a Salary Advance Loan using the Beneficiary’s social security benefits. Members may make a request for subsequent Salary Advance Loan only if the previous loan has been paid in full. Debt protection coverage is not available on Salary Advance Loans.
²APY = Annual Percentage Yield. While the funds in the Salary Advance Savings (SAS) belong to the Member, restrictions may apply. Members making withdrawals from the SAS causing the balance to fall below $500.00 are ineligible for additional Salary Advance loans for six months from the date of last withdrawal. Available funds in the SAS cannot be pledged as collateral for other loans but may be used to offset loan loss. Exceptions to SAS withdrawals may be made if the balance is above $500.00. Penalty will not be assessed if the withdrawn amount does not interfere with the principal balance of $500.00. Additional withdrawals that reduce the principal balance of $500.00 will incur a penalty.