We want to help break you out of the never-ending cycle of 300% + Payday Loans. That is why we are now offering Salary Advance Loans with a maximum of $500 at only 12% APR.

To qualify you must already have direct deposit of your net pay coming to DEFCU and 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 Account will earn dividends but access will be restricted. A credit union Loan Officer must approve withdrawals from the account and borrowing privileges on the loan may be suspended for a period of time if withdrawals are approved. The Salary Advance Cash Account is a means to save money easily and end the payday-to-payday loan cycle.

Call us at 407-650-5050 for more information.