What is XtraCash?
XtraCash loan is a product that is offered to assist our member’s financial needs. XtraCash is one of our programs that we provide members to improve their financial well being by offering much lower interest rates to our members than they would receive at a privately owned PayDay Lender in the local community.
Typical payday loan companies are an enabler for people caught in a difficult financial situation. We offer XtraCash loans to be used on a limited basis and not to become a lifestyle norm. It is our goal to move members from a payday loan to a second chance loan, to a signature and finally to a secured loan. Our goal is to help you improve your financial health, not to be an enabler and prevent you from achieving financial freedom.
Loan amounts up to $350.00 and must be paid off upon receipt of your next payroll check. We do not allow any rollovers on this type of loan.
The following are the requirements to obtain this type of loan:
- You must be a member in good standing with our credit union
- You must submit your most recent pay stub
- You must provide a printed piece of mail with your current address
- Provide a photo ID
- A recent 30-day credit union or bank statement where your payroll is deposited
- A personal email address (Don't have an email address? Look below for information on getting a free email account!)
How to Apply for XtraCash?
To apply you must complete the online application. After the application is processed you will receive an email stating the amount you have been approved. Bring the above listed documents with you to complete your paper work to the credit union. The payment and fee will be deducted from your next pay check.
To sign up for XtraCash, you will need your own personal email account. If you do not have an email account, there are many free options to sign up for one. If you need more information, watch the video below.
(Links to the 3 Free email options listed in the video can be found below the video)