MyPayNewHire - East County Schools Federal Credit Union
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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.

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Members LoveECSFCU!

  • Grant Nelson 2019

    While overseas I found myself in the frightening situation of being out of cash and with two debit cards from other financial institutions that weren’t working, despite my travel notice pre-planning. ECSFCU’s amazing member services team stayed late on a Friday to approve and immediately fund a quick loan that made the rest of our trip wonderful. Nobody else does that! Not only is it something that I will never forget, but it’s something I want to tell everyone about.

    Grant Nelson - 8th Grade History Teacher, La Mesa Spring Valley Schools