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 is designed to break the payday loan cycle which in turn, helps you save money.
Educational Component Requirement
Before applying for a Credit Union payday loan, you must first score 80% or higher on Greenpath's Budgeting Basics module.
Simply log onto Greenpath's Budgeting Basics Course. You must enter your name as it appears on your EdFed account (otherwise the Credit Union will not be able to identify your score).
The URL provided above is unique to EdFed. Completed tests taken through this unique URL are reported to us so we know 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 account. This restricted account will help you slowly save enough money to repay your Payday Loan in full using the money in your special Savings account. Loans will be paid in full and an additional 5% of the loan amount will be automatically deposited into your Payday Loan Savings account via Payroll Deduction each pay period.
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.