No pay delay: get up to $5,000 at 0% ^APR*

MyPayNewHire is an exclusive benefit for ECSFCU members, available to all newly hired employees in San Diego County school districts. This program helps you bridge the gap between your start date and your first paycheck, giving you instant access to funds when you need them most.

Key Features

• 0% ^APR interest for up to 60 days
• Loan up to 100% of your gross monthly pay (max $5,000)
• Full payoff at first paycheck with zero interest, or extend with low rates for up to 24 months
• Available during first 60 days of employment
• Requirements: ECSFCU membership + Checking Account and District Direct Deposit
  

*APR = Annual Percentage Rate.

Pay 0.00% APR when you repay the full loan by your First Payment Due Date as indicated in your loan application (usually your first payday, up to 60 days after funding).

If not fully repaid by that date, your loan will convert to a 24-month repayment term for the outstanding balance, and interest will begin to accrue on the remaining balance at your approved rate.

All loans are subject to approval. Your fixed APR after the 0.00% period is based on creditworthiness and disclosed in your loan agreement.

Membership requirements:
– $5 Share Savings deposit
– $25 Checking account deposit

Example: A $2,000 loan with Tier 1 credit repaid over 24 months = $90.91/month at 8.50% APR.

Rates and terms effective as of July 1, 2024. Other terms and conditions may apply.