Receive your initial paycheck TODAY with a 0.00%^APR loan until your first payday

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

This 0.00% ^APR 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.

• 0.00% ^APR interest for up to 60 days*
• Loan amounts may be up to 100% of monthly gross pay, up to $5,000
• Optional payoff plan:
  
  • With full repayment of loan at first paycheck: pay no interest
  • Select to repay $0 or a portion 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 during the first 60 days 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 on outstanding balance, 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. APR = Annual Percentage Rate.

** All loans subject to Loan Approval. The interest rate on your loan after the 0.00%^APR interest period is based on your creditworthiness. Other terms and conditions may apply.

*** $5.00 deposit is required to open your credit union membership with a share savings account, and a $25.00 deposit is required to also open a Checking Account.