Advance Payroll Loan - East County Schools Federal Credit Union
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Advance Payroll Loan

Rebranded in 2021 as MyPayNewHire - same great offer

MyPayNewHire is available to all new hire employees of the school districts we serve.

This zero percentage rate / low percentage rate loan is designed to "bridge the gap" between when a new employee starts working, and when they receive their first paycheck.

  • 0% interest for up to 60 days*
  • Loan amounts of 100% of monthly gross pay, up to $5,000
  • Optional payoff
    • Full repayment at first paycheck - pay no interest
    • Partial repayment: continue to make monthly payments for up to 24 months at a low interest rate**
  • This loan offer is available for all new school district employees for up to 60 days after the date of employment
  • Loan is subject to membership at ECSFCU with a Checking Account and District Direct Deposit***

* Interest will begin accruing as of the first payment due date (45 – 60 days after date of loan funding), if the loan is not paid in full on or before that date.

** All loans subject to Credit Approval. The interest rate on your loan after the zero percent interest period is based on your individual credit score.

*** $5.00 Savings Deposit is required to open your credit union membership.

Apply online for MyPay15 now

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Members LoveECSFCU!

  • ECSFCU is big enough to approve loans with great rates and small enough to provide personal service and products that are important to the educational community.
    Randy Montesanto Grossmont Union High School District