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Parsons Federal Credit Union’s Immediate Need Loan is designed to meet the need for emergency cash and allows qualified members to borrow up to $500 at a reasonable interest rate for up to 6 months.
The premise behind our loan is not only to help our members through a financial crunch but also to help them learn to save money. 10% of the loan proceeds must go into your savings account and will be held for the term of the loan. We encourage you to add to the savings by setting up an automatic savings plan so in the future you will have extra cash when you need it!
- Borrow up to $500
- Terms up to 6 Months
- Reasonable Rates
- 10% of Loan Proceeds are placed in savings
- Established Direct Deposit of at least $500 per month to your PFCU Account
Plus, we will rebate 5% of the total interest paid on the loan if, at the end of the loan term, if all payments were made on time!
And, in most situations, you could have your funds in as little as 60 minutes!
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. Additional criteria may apply. |
