CREDIT UNION SUGGESTIONS LIST

The next is a listing of regional credit unions which have begun to provide comparable loan services and products but at greatly paid down rates of interest and costs. The town of Portland doesn’t endorse the firms detailed and it is supplying it for customer purposes that are informational.

At 503-823-5157 if you are a credit union and would like your name added to the list, please contact us.

More info…

Unitus Credit UnionAdvance Loan: an associate can borrow from $50 to $500 (or 20% of gross month-to-month earnings, whichever is less). The CU accesses a credit history for verification purposes but will not put it to use for the approval procedure. There isn’t any loan charge additionally the rate of interest is 18.5%. The repayment routine permits 30 days per $100 lent for approximately 3 months, where typical payday advances must certanly be paid back when you look at the very first month. To obtain a Unitus Advance Loan, they should just go to a branch and bring photo id and a current pay stub or other proof of income. Approval is immediate and funds are straight away open to the user. As soon as authorized, the user makes requests that are future phone.

Oregon Community CUCU on cash advance (a CUSO of Harborstone Credit Union in Washington):

• The user, or non-member, can apply on the internet and obtain approved in moments.
• When authorized, the disbursement is normally done for a passing fancy time with funds credited towards the member’s account that is checking.
• Regarding the date that is due because of the member, funds is likely to be withdrawn via ACH to pay for the mortgage therefore the charge.
• The most initial advance is $300 together with subsequent optimum advance is $700.

The initial advance for an user calls for some verification and account history.

You will find minimal demands for approval with no credit check is important.

The charges are generally never as compared to those along with other payday loan providers.

OnPoint Community CUPayday Advantage Loan: individual can borrow as much as 20% of these next paycheck, up to $600. Repayment is born within five times of next payday, to not surpass a month. Needs payment that is automatic a qualifying OnPoint account. Must be eligible for and establish account with OnPoint.

First Tech CUSalary Advance Loan: the utmost loan limitation is 20% for the member’s gross salary that is monthly to $500. The APR is 15% if the member has direct deposit and repays the loan using automatic payment. The APR is 18% if the member does not have direct deposit and/or does not use an automatic payment to repay the loan. The loan that is entire, plus accrued interest, is born in the twentieth of each and every month. In the event that loan is paid month-to-month while the credit limit just isn’t reached, the user can advance the loan as much as the borrowing limit throughout the period that is six-month. When the draw duration expires during the end regarding the 6 months, the user will have to re-apply and re-qualify for further advances.

Rivermark Community CUPayDay Advance Loan: 18% APR; wanted to all users aside from credit ranking. CU will not pull a credit bureau, only verify employment; offer as much as $500 bucks for approximately thirty days. CU does not require monetary guidance, nevertheless they do offer all borrowers with all about the total amount monetary guidance program and encourage they contact them. CU is making 300-400 pay day loan loans each month.