SDPECU Offers Affordable Pay Day Loans

Need fast cash for an emergency? Come to SDPECU! Some pay day lenders charge interest rates as high as 400%. Not SDPECU! Our Pay Day Loans are available for a flat processing fee of $30 plus an interest rate of 21.99% APR. The $30 processing fee will apply whether or not the loan is approved and may be added to the loan balance.

EXAMPLE: Payment on a $250 Pay Day Loan at 21.99% APR for 14 days, plus a $30 flat processing fee, is $282.36. Finance charges do not apply to the processing fee.
 

 

To qualify for an SDPECU Pay Day Loan, you must:

1.  Have payroll coming in for at least the amount you request while also covering any loans with SDPECU that are set up as a payroll deduction repayment
2.  Be a member in good standing with the credit union

The maximum amount for a Pay Day Loan is $500 plus the fee and interest.  Pay Day Loans must be repaid in one lump sum through your payroll.  The due date will be your next payroll date after the loan is taken.  

For more information about Pay Day Loans, please contact a loan representative at (916) 921-5050 during business hours. 

By members' choice, this institution is not federally insured.