Emergency Funds

A payday loan alternative that also helps you save for a rainy day.

Are you in need of immediate financial assistance? Instead of a high-interest payday loan, apply for our PayDay Alternative Loan. Not only does it provide you with the quick cash you need, it helps you save for the next rainy day.

Get the financial assistance you need, and put money aside in an emergency fund.

Flexible amounts

Borrow up to $2,000, depending on your needs & qualification.

Reasonable rates and no fees

Our loans are 25% APR, compared to the average 310% charged by payday lenders.

Compare Options

Best if you want:

Best if you want:
Cost to borrow $500 for 90 days

Cost to borrow $500 for 90 days
Fees and interest

Fees and interest
Financial education

Financial education
Confidentiality

Confidentiality
Application Process

Application Process
Credit Reporting

Credit Reporting

PayDay Alternative Loan

Best if you want:

A low-interest loan that helps you save money.
Cost to borrow $500 for 90 days

$26.05
Fees and interest

25% APR. No application fee.
Financial education

Free financial education available.
Confidentiality

Your personal information is kept safe and secure.
Application Process

Online or in-branch with electronic signing.
Credit Reporting

Reported to Credit Bureaus.
Apply Now

for a Peninsula PayDay Alternative Loan

Cash Please Loan

Best if you want:

A low-interest loan that helps you save money
Cost to borrow $500 for 90 days

$26.05
Fees and interest

25% APR. No application fee.
Financial education

Free financial education available
Confidentiality

Your personal information is kept safe and secure.
Application Process

Already approved without credit check with active PCU Courtesy Pay.
Credit Reporting

Reported to Credit Bureaus.
Apply Now

for a Peninsula Cash Please Loan

Payday Lender

Best if you want:

A high-interest loan with high fees.
Cost to borrow $500 for 90 days

$310.00
Fees and interest

Average 400% APR. Fees and interest equal $15 per $100 every 14 days.
Financial education

None
Confidentiality

Your personal information is sold.
Application Process

Payday lender store.
Credit Reporting

Not reported to Credit Bureaus.

PayDay Alternative Loan Program Details

Credit unions have a long history of helping members, and that’s why we’re trying hard to break the payday lender cycle. Payday lenders aren’t regulated at the same level as other financial institutions, and they take advantage of people who are short of cash and need money to make it to the next month.

The PayDay alternative Loan is a small dollar loan that’s available even if you have a low credit score. It’s designed to help you when you most need it by providing you with a small loan with payment terms that make sense for you.

We also provide you with tools and education, to empower you to get on the path to financial security.

Call us at 1.800.426.1601 or stop by your closest branch to learn more about our PayDay Alternative Loan.

Life happens to us all. If you’ve gone through a rough time and are feeling financially unstable, our Second Chance products may be right for you. We offer a range of options, and together, we can create a plan that works best for you.

LEARN MORE ABOUT OUR SECOND CHANCE PRODUCTS »

Everyone Was Helpful

“When they asked me about my finances, at first I wanted to tell them none of their business, but I learned they really cared and wanted to help me out, that they weren’t judging me. Everyone was so helpful.”

Wendy , Belfair

FAQs and Tips

Emergency Fund FAQs

Yes, but we don't use the report in the loan decision, we want to help you build up your score, this loan isn’t about your past as much as it is about your future. Together we can help you get to where you want to be.

We can offer a PayDay Alternative Loan up to $2000, but not to exceed monthly net income.

It can depend on how much you borrow, but we offer PayDay Alternative Loans between one month - 12 months.

Quick Tip

Need help? Don’t be afraid to ask.

Planning ahead for an emergency is great, but that’s not always possible. If you have an emergency, it’s always best to be honest and ask for help. The more information you share, the better we can help.

GET MORE TIPS

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