Immediate Need Loan

Parsons Federal Credit Union’s Immediate Need Loan will not only meet the need for emergency cash, our Immediate Need Loan will help our members learn how to save for emergencies and money management.

• Borrow up to $750.00
• For up to 6 Months
• At Reasonable Rates
• All applicants must have established Direct Deposit to their Parsons Federal Credit Union account of at least $500 per month.

***Important Notice - Members may not exceed more than 2 (two) Immediate Need Loans per calendar year.

To further assist our members reach their financial management goals we have partnered with BALANCE Financial Fitness. Through BALANCE'S Personal Financial Education program our members will learn to develop workable savings and spending plans, get out of debt and plan for their financial future.

When our members apply for an Immediate Need Loan, they will be required to complete one of the Financial Education program modules through BALANCE with a passing score of at least 80%, before their loan application will be processed:

• First Time Applicants must complete and pass with at a score of at least 80%: Money Management

• Second Time Applicants must complete and pass with a score of at least 80%: Financial First Aid

• Third Time Applicants must complete and pass with a score of at least 80%: Credit Matters

If you have applied for a loan with PFCU in the last 12 months, click here for our Short Form Application, otherwise click here for our Consumer Loan Application.

Parsons Federal Credit Union is an Equal Opportunity Lender

All loan requests are subject to applicable terms and conditions.