We want to help you break out of the never-ending cycle of 300% + Payday Loans. Salary Advance loans are offered from $100 to $500 at 15% APR. To qualify you must have direct deposit from the last three payrolls going to an account with DEFCU and the loan balance plus accrued interest must be repaid via funds transfer from your DEFCU account on the next payday.

A Salary Advance Cash Account will be established and each time a loan advance is processed, five percent of the advance will be deposited to the Cash Account and pledged as collateral for the loan. Salary Advance Cash Accounts will earn dividends but access will be restricted as the account is set up as a means to save money easily and end the payday-to-payday loan cycle.

Loans allow you to continue earning dividends on your savings balance while it acts as security for a low interest loan that can be used for any purpose.

Loans work the same as Share Secured except that your Share Certificate serves as collateral, allowing you to earn an even higher dividend.

Loans allow you to use the equity in your home to make improvements, consolidate higher rate credit cards, purchase a car, finance your dream vacation; the possibilities are endless. Borrow up to 90% appraisal loan-to-value or 90% of tax assessment. An application fee is required (amount determined by whether an appraisal is required) but is refunded as a principal only payment to the loan after 24 consecutive monthly payments have been made in a timely manner. Interest paid may be tax deductible if you itemize your taxes. Minimum limit $10,000 with a five year draw period. The rate is variable. Up to 80% LTV rate is based on prime as of January 21st of each calendar year. 80-90% LTV is prime plus 1%.

Loans allow you to use the equity in your home to make improvements, consolidate higher rate obligations, purchase a car or finance your dream vacation. Borrow up to 90% appraisal loan-to-value or 90% of tax assessment. An application fee is required (amount determined by whether an appraisal is required) but, is refunded as a principal only payment to the loan after 24 consecutive monthly payments have been made in a timely manner. Interest paid may be tax deductible if you itemize your taxes.

These loans are available by using The CU Mortgage Center. Get great low rates and lower closing costs by closing your loan through DEFCU. Use the link on any of our pages to access their web site where you can calculate payments and closing costs, check rates and even submit an application. Or call (407) 472-5959 and speak to Brandon or John for more information.

Loans are open-ended and allow you to have a limit of 15% of your annual salary. You can access your limit all at once (to consolidate higher interest obligations, etc.) or take as little as $500 at a time. Payments are $5 per $100 balance or portion thereof. Requires excellent credit history.

Closed-ended obligations that allow you to get up to 10% of your annual salary (based on length of employment). Funds are disbursed in a lump sum and repaid over a maximum of 1 year per $1,000 borrowed, not to exceed 5 years.

Accounts allow you up to 20% of your annual salary with the most convenient access to funds at a very favorable rate. No annual fee. Requires excellent credit history.

Minimum loan of $500 except salary advance loans. All loans are simple interest, except VISA. All rates are Annual Percentage Rates.