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!

  • 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