To qualify for an unsecured loan, you must either be a member for a minimum of 30 days, and be continuously employed for 90 days, or have a previous good employment history. For a secured loan, we waive the 30 day membership requirement.

There are no extra fees or penalties for early repayment. Open-end loan statements are mailed quarterly.

The Credit Committee meets every Wednesday, and loans are issued on Thursday. The deadlines for loan applications is Tuesday, at 5 PM.

Certificate secured: The Annual Percentage Rate (APR) will be the dividend rate being paid on the Certificate offered as security (Index) plus 3%. The Certificate must be renewed until the advance is completely paid. Failure to renew will result in default under the Plan. When the Certificate is renewed the APR will change to reflect the new dividend rate. Any increase will result in more payments of the same amount until what you owe has been repaid. The present APR will be disclosed on the voucher at the time of the advance.

Collection costs: You promise to pay all costs of collecting the amount you owe under this agreement including court cost and reasonable attorney fees.

Late charge:  We do not impose a late charge at this time.

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