The National Credit Union Administration (NCUA) has issued a ruling that will enable federal credit unions to offer short term, small amount (STS) loans as a viable alternative to predatory high-cost payday loans that are offered by other financial service providers.
If you're currently using a check cashing facility or a payday lender, TFCU's new STS Loan may be a better option. Not only will you receive the short term funds you need, you'll also be building your credit profile.
• Membership: Minimum of 1 month membership is required
• Dollar amount: Minimum $200; Maximum $1,000
• Term: Minimum 1 month; Maximum 6 months
For more information call us at (631) 698-7000, extension 6790.
