Receive your initial paycheck today with a 0% Loan until your first payday

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

This 0% 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. Upon loan approval, receive your first paycheck amount immediately.

• 0% interest for up to 60 days*
• Loan amounts of 100% of monthly gross pay, up to $5,000
• Optional payoff plan:
  
  • With full repayment of loan at first paycheck: pay no interest
  • Select partial repayment of your first paycheck and continue to make monthly payments on the balance 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***

This loan was previously offered as our "Advance Payroll Loan"

* 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 0% interest period is based on your individual credit score.

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